VAT-registered businesses are obliged to periodically submit VAT Returns to HM Revenue and Customs and pay any associated VAT liabilities. Penalties for not making such submissions and payments on a timely basis can be substantial.
Broadly speaking, you will be required to register for VAT if your sales exceed the VAT registration threshold in any twelve-month period. There are other instances in which you may be required to VAT register, but the area of VAT can be very complex and it is not appropriate to attempt to fully address the area of VAT registration here. If you are in any doubt over whether you should be registered for VAT, please Contact Us.
Some businesses may not be required to register for VAT but may nevertheless choose to voluntarily register for reasons of tax efficiency.
Our fees for VAT Return services start from £100.00 + VAT per quarter.