Accounting & Payroll Services

Telephone: 01932 500 103

Email: [email protected]

Clarke & Co Bookkeeping & Accountancy

VAT Returns

Submitting a VAT return for each VAT period (normally quarterly) is mandatory for all VAT registered businesses. If your company isn't yet VAT registered with HMRC, we can help you register.


VAT returns summarise all your business transactions that took place during the previous VAT period for the purpose of calculating how much VAT is due to be paid.


The net difference must be calculated between the total VAT you've charged customers and the total VAT you've been charged for purchases made relating to business activities.


If you've paid more in VAT than you've taken in, then you can reclaim the difference. If you've taken in more VAT than you've paid, then the difference must be paid to HMRC.


Costly penalties can be implemented by HMRC if your VAT return isn't submitted on time, if it contains careless or deliberate inaccuracies, of if you fail to pay the correct amount of VAT due.


We prepare and submit your VAT returns for you. All you need to do is provide us with a record of your sales and purchases from the previous VAT period.


We also offer assistance with creating and maintaining records of your income and expenditure throughout the year to ensure that the data on your VAT return is accurate.


An overview of what we'll do for you:


- Setting up your account correctly so submissions can be made online.

- Ensuring your VAT return is accurate and on time.

- Acting as your 'agent' and submitting your VAT return online (or providing the figures  for you to submit your own return).

- Completing EC sales lists (ECSL) if you're supplying goods and services to other EC member states.


When it comes to paying your VAT return it's worth seeking professional advice to ensure you capture the correct information and submit in time.


For more information contact us on 01932 500 103