What months are VAT returns due?
The most common set of quarterly VAT return dates is:1st January – 31st March.1st April – 30th June.1st July – 30th September.1st October – 31st December..
Do I still need to submit a VAT return?
Every business must then submit VAT returns to HMRC on a monthly, quarterly or annual basis. If the VAT collected is more than the VAT incurred, then the difference is paid by the business to HM Revenue & Customs. If the VAT incurred is more, HMRC will refund the difference. … The amount of VAT you owe.
How do I submit my VAT return?
Submit your VAT Return onlineGetting online. If you need: … HMRC ‘s free online service. Sign in to your VAT online account and complete your VAT Return.Using accounting software. Most accounting software lets you submit your VAT Return to HMRC directly. … Using accountants or agents. … Help with online services.
Who pays VAT buyer or seller?
Value Added Tax (VAT) is charged on most goods and services sold in the UK, which means for marketplace retailers you’ll pay VAT on seller fees, and may also be required to charge VAT. With the standard VAT at 20%, it’s important that you fully understand your VAT obligations.
Can I submit VAT returns monthly?
Payment on account traders HMRC’s guidance says, “If making payments on account and submitting quarterly VAT returns does not suit your business you can choose to make VAT returns and payments monthly.”
How often can you submit a VAT return?
VAT Return deadline There are 12 months in your VAT accounting period. Your VAT Return is due once a year, 2 months after the end of your accounting period. Most businesses now need to keep digital VAT records and use software to submit VAT Returns.