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manavpietro 36, Male, New York, USA - 63 entries

May 2016
3:25 AM IST

How to Submit Your VAT Return

You’re usually required to submit a Value Added Tax (VAT) return to HM Revenue & Customs (HMRC) every 3 months and this period is known as the ‘accounting period’ of your company. This VAT return period records different set of information like your total sales� purchases, the amount of VAT your company owes, the amount of VAT you can reclaim and what will be your VAT refund from HMRC.

The video “How to File VAT Returns in UK” is specifically designed with an aim to answer all the concerns and queries of the users who are going to file VAT returns in the UK. It’s really important to note down that you need to submit a VAT return even if you don’t have VAT to pay or reclaim.

You can manage your VAT account better by signing up for the email reminders, so that you can get the much required reminders for your VAT due and don’t incur any heavy penalty from HMRC. To use these services, all you need is a VAT number and an HMRC online account (also known as Government Gateway account). You will receive both of the information once you’ll register for VAT. In case of any confusion, you can always contact the VAT helpline for further assistance.