For VAT returns, you’ll need to be on at least our Quarterly package. Our Quarterly package includes VAT returns and quarterly management accounts, a business and a personal tax return, and unlimited advice. Our Quarterly packages including VAT returns cost £44pm for sole traders, £55pm for partnerships, or £66pm for limited companies.
VAT returns are also included in our Monthly package which has bookkeeping and monthly management accounts included in the cost. All of our packaged accounts prices are detailed here.FAQs
Not normally but you can request one. We provide a Summary & Review report with your accounts. This explains in detail what is included in the accounts and the accompanying documents. Where necessary, we will add any additional comments, analysis, notes, questions, and tips. If you are on the Annual+ package or higher, and use online accounting we also provide a review every 3 months. On the Annual+ package you’ll need to reply to the email reminding you that the quarterly review is due.
If you have any questions about anything, you can email us, call us, or video call us. You can book an appointment using the link in our email signature.FAQs
If you have a direct debit in place with HMRC for your VAT return, HMRC will automatically take the VAT return amount shortly after the due date or the date the return is submitted if that’s later. To set up a direct debit, you need to add the VAT service to your HMRC account, then follow the option to set up a direct debit.
The next easiest way to pay VAT to HMRC is through your online banking. Use sort code: 08-32-00, account number: 11963155, account name: HMRC VAT. You’ll need to use your 9-digit VAT number as the payment reference so that HMRC allocate the payment against your account.
There are other ways to pay which are explained here.FAQs
Yes. You can’t claim back any VAT paid out unless you have a valid VAT invoice or receipt to prove that VAT was charged. The only exception would be for coin operated machines (e.g. parking, phone, road tolls) which can be claimed if you have evidence that the supplier is VAT registered.FAQs
We may need 10 days notice to prepare a VAT return for you. So please provide your records or ‘go-ahead’ at least 10 days before the deadline.
Quarterly and monthly VAT returns are due 1 month and 7 days after the end of the period. So a VAT return for the quarterly or monthly period ending on 30th June 2022 needs to be submitted by the 7th August 2022. Payments are also due by the same date, however, if you have a direct debit in place it will be taken a few days later.
Annual VAT returns are due 2 months after the end of the VAT year. Payments are due throughout the year but any balancing payment is also due 2 months after the VAT year.FAQs