VAT Return

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.’ Other VAT periods can be monthly and annual schemes as well.

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, and DD Chartered Accountant prepares VAT return and submits them to HMRC on your behalf. From April 22, most returns have to be filed under Making tax digital.

VAT Rates

If you’re registered, you have to charge VAT when you make taxable supplies. However, no VAT is charged on goods or services that are:

  • exempt from VAT
  • outside the scope of the UK VAT system

These rates may only apply if certain conditions are met, or in particular circumstances, depending on some or all of the following:

  • who’s providing or buying them
  • where they’re provided
  • how they’re presented for sale
  • the precise nature of the goods or services
  • whether you obtain the necessary evidence
  • whether you keep the right records
  • whether they’re provided with other goods and services

Other conditions may also apply.

Making Tax Digital for VAT

  • Getting compatible accounting software
  • Keeping VAT records digitally
  • Sign up for Making Tax Digital for VAT
  • Making Tax Digital for VAT
  • Making Tax Digital for Income Tax Self Assessment

Final VAT Return

You have to submit a final VAT Return when you cancel your VAT registration. DD Chartered Accountant facilitates the entire VAT Return process and guide you through the best practices.

Deadlines for submitting VAT returns 2022-23

The deadline for submitting your VAT return is 1 month and 7 days after the end of the VAT period – regardless of whether you pay monthly or quarterly. Here are the key dates for submitting VAT returns in the 2022-23 tax year:

  • 7 April 2022 – Deadline for VAT returns and payments of Accounting Quarter period ending 29 February 2022
  • 7 May 2022 – Deadline for VAT returns and payments of Accounting Quarter period ending 31 March 2022
  • 7 June 2022 – Deadline for VAT returns and payment Accounting Quarter period ending 30 April 2022 if filed online
  • 7 July 2022 – Deadline for VAT returns and payments of Accounting Quarter period ending 31 May 2022
  • 7 August 2022 – Deadline for VAT returns and payments of Accounting Quarter period ending 30 June 2022
  • 7 September 2022 – Deadline for VAT returns and payments of Accounting Quarter period ending 31 July 2022
  • 7 October 2022 – Deadline for VAT returns and payments of Accounting Quarter period ending 31 August 2022
  • 7 November 2022 – Deadline for VAT returns and payments of Accounting Quarter period ending 30 September 2022
  • 7 December 2022 – Deadline for VAT returns and payments of Accounting Quarter period ending 31 October 2022
  • 7 January 2023 – Deadline for VAT returns and payments of Accounting Quarter period ending 30 November 2023
  • 7 February 2023 – Deadline for VAT returns and payments of Accounting Quarter period ending 31 December 2023
  • 7 March 2023 – Deadline for VAT returns and payments of Accounting Quarter period ending 31 January 2023

Sources: https://www.gov.uk/ and https://www.gov.uk/register-for-vat

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