VAT Returns
Stay VAT compliant — Zip Accounting can advise on VAT registration and prepare your quarterly VAT returns for you.
VAT Services
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Full VAT return preparation and submission, MTD-compliant
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Advice on registration and reclaiming pre-registration VAT on expenditure
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Software setup and ongoing support with quarterly filing
Get in touch to discuss how Zip Accounting can help
If your business is VAT registered, I can prepare and submit your VAT returns on a quarterly basis and ensure they’re fully Making Tax Digital (MTD) compliant.
I’ll help ensure that VAT is declared correctly on your sales and that you’re claiming all the VAT you’re entitled to on your purchases. Not sure whether VAT registration applies to your business? I’m happy to advise.
VAT Returns (UK)
If your taxable turnover exceeds £90,000 (as of April 2024), you must register for VAT and start submitting VAT returns—usually quarterly, and now always digitally through Making Tax Digital (MTD). This is applicable to both companies and sole traders.
You must register for VAT within 30 days of the end of the month when turnover exceeded the threshold.
You must also register if you expect your total taxable turnover to go over the £90,000 threshold within the next 30 days.
Even if you’re not quite at the threshold, voluntary VAT registration may benefit your business, depending on the services you offer and your client base.
Did you know that if you register for VAT, you may be able to claim for certain expenses that were incurred even before your VAT registration date. The timeframe is 4 years for goods you still own, and 6 months for services. Get in touch to find out more. We’ll ensure you reclaim everything you’re entitled to while staying VAT-compliant.
Zip Accounting can:
- Advise on whether VAT registration is right for you
- Register you for VAT with HMRC
- Set you up with MTD-compliant software
- Prepare and file your quarterly VAT returns
- Ensure you’re claiming all VAT you’re entitled to
Do you sell goods or services overseas? Zip Accounting prepares UK VAT returns only, but we act for clients who have a global presence and work with other firms that specialise in this area to ensure you are fully covered.