VAT Returns

VAT Returns

From £25 per month 

Filing accurate VAT returns is crucial for complying with tax laws and avoiding any potential fines or penalties. 

If taxable turnover exceeds £90,000 within a 12 month period, you must register for VAT on your eligible sales. 

There are various VAT schemes that may benefit your profitability and business cash flow, which can be discussed. 

We can register your business for VAT, deregister if required, ensure accuracy of VAT on your sales and purchases and submit VAT returns on your behalf. 

VAT returns are generally submitted to HMRC quarterly depending on the VAT scheme. 

Get in touch to find out how LB Accounts can help you. By understanding the core principles for setting up your business and your long term goals, we can help you reach that destination.