VAT Returns
For Companies, Contractors, Sole Traders & Partnerships (LLPs)
CHAPS complete all your monthly or quarterly VAT returns for you.
A VAT Return is a document CHAPS fill in to tell HM Revenue and Customs (HMRC) how much VAT you’ve charged and how much you’ve paid to other businesses.
We usually need to send a VAT Return to HMRC every 3 months. This is known as your ‘accounting period’. If you’re registered for VAT, CHAPS must submit a VAT Return even if you have no VAT to pay or reclaim.
Deadlines
The deadline for submitting your return online is usually one calendar month and 7 days after the end of an accounting period. This is also the deadline for paying HMRC. You need to allow time for the payment to reach HMRC’s account.
If you use the VAT annual accounting scheme, CHAPS can set up an email reminder each time your VAT Return is due through your online account.
How it works...
- We will send you a reminder: We'll let you know when your VAT returns are due by your Lead Accountant. Working in real time, this means they are always ready for you.
- We will complete your VAT return: After your returns are completed, they’ll have one more audit by our Lead Accountant to ensure they are fully accurate for submission.
- We will submit your VAT returns: Once we've received your approval, we'll submit your MTD compliant VAT return to HMRC. Job done!
Why choose "CAS" to complete your VAT returns?
- Tax efficiency recommendations: Your lead accountant will assess if you are on the most beneficial VAT scheme for your business, and advise you to switch if it is more tax efficient for your business.
- Making Tax Digital compliance: Our accounting software, Sage is a HMRC recognised supplier supporting MTD for VAT, your business will always be compliant with this new government initiative.
- Free representation: As well as handling your VAT calculations and submissions, we’ll also act on your behalf if HMRC decide to investigate your previous affairs. We have had many clients coming to “CAS” for support when previous Accountants have let them down. We’ll be fighting your corner, helping you to win your case.