Commercially driven tax planning and compliance advice.
You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period.’
The VAT Return records things for the accounting period like:
your total sales and purchases
the amount of VAT you owe
the amount of VAT you can reclaim
what your VAT refund from HMRC is
You must submit a VAT Return even if you have no VAT to pay or reclaim.
VAT-registered businesses can usually reclaim the VAT they’ve paid on business purchases and expenses. The claim must be for a business activity (you have to work out the business element if it also had a personal use).
VAT & Payment Deadlines
Check your VAT Return and payment deadlines in your VAT online account.
Your VAT online account tells you:
when your VAT Returns are due
when the payment must clear HM Revenue and Customs’ (HMRC) account
The deadline for submitting the return online and paying HMRC are usually the same - 1 calendar month and 7 days after the end of an accounting period. You need to allow time for the payment to reach HMRC’s account.