VAT returns

We make VAT tax return preparation as easy as 1, 2, 3!

Know exactly how much VAT your business owes and when it’s due.

Let us tackle the complexities of the UK VAT system for you.

Starting from £100.00 + VAT quarterly

vat-returns

Getting your accounts for digital VAT filing can be difficult if you aren’t aware of the UK’s VAT changing landscape.

We generate MTD-compatible VAT returns, create appropriate reports, and track the VAT your business has paid and reclaimed with HMRC.

We also advise on the right VAT scheme for your business so you receive maximum benefits and enjoy a healthier cash flow.

Simply put, we deal with all aspects of VAT for you.

What you get with 3E’S VAT tax return preparation services

We are happy using any software to generate your VAT returns

harrow-bookkeepers
bookkeeping-firms-in-Harrow
harrow-bookkeeping-services
VT software

Our clients love us for our brilliant services.

Is 3E'S the right choice
for your business?

We could throw a long list of reasons at you for working with us. But we’ll stick with a few:

Our effective VAT management services streamline your processes, boosting business performance.

Ensure your VAT returns are handled by the best, guaranteeing accuracy and compliance.

Let us manage your VAT returns so you can concentrate on operational excellence.

Benefit from our expert VAT return services offered at a competitive price.

Stay informed about your VAT obligations and status with our expert VAT return services.

Frequently asked questions

Businesses in the UK must submit a VAT return if they are registered for VAT with HMRC. Typically, this applies to businesses with a taxable turnover exceeding the VAT registration threshold, which is currently £90,000 per year (April 2024). Voluntarily registered businesses below this threshold also need to submit VAT returns.

VAT returns are usually submitted quarterly, meaning four times a year. However, businesses can also opt for annual accounting or monthly VAT returns depending on their specific circumstances and agreements with HMRC.

Submitting your VAT return late can result in penalties and interest charges. HMRC operates a points-based system where you receive a point each time you miss a VAT return deadline. Reaching a certain number of points triggers a penalty. Additionally, interest may be charged on any late VAT payments.

Yes, you are required to keep detailed records to support your VAT return. These records include sales and purchase invoices, credit notes, receipts, and bank statements. Maintaining accurate and up-to-date records ensures you can justify your VAT calculations and comply with HMRC regulations.

No, you cannot reclaim VAT on all business expenses. You can reclaim VAT on most goods and services purchased for business use, but certain items are excluded, such as:

  • Entertainment expenses
  • Goods and services used for non-business purposes
  • Company cars (unless used exclusively for business)

Yes, even if your business is making a loss, you are still required to submit a VAT return if you are registered for VAT. This is because VAT is based on your business’ transactions rather than its profitability. You may be able to reclaim VAT on your business expenses, which can help improve your cash flow during loss-making periods.

To ensure your VAT return is accurate and compliant:

  • Keep thorough and organised records of all transactions
  • Reconcile your accounts regularly
  • Use reliable accounting software compatible with
  • Making Tax Digital (MTD)
  • Seek advice from our qualified accountant or VAT specialist
  • Double-check your VAT calculations before submission
  • Stay informed about changes to VAT rules and rates

You can claim VAT back on most goods and services purchased for business use, including:

  • Raw materials and stock
  • Office supplies and equipment
  • Marketing and advertising costs
  • Business travel and accommodation
  • Business utilities (electricity, water, gas)
  • Professional services (legal, accounting, consultancy)

You cannot claim VAT back on certain items, including:

  • Most car purchases (unless used exclusively for business purposes)
  • Entertainment costs for clients or potential clients
  • Goods and services used for non-business purposes
  • Items specifically excluded by HMRC rules

If you have more questions or need further assistance with your VAT returns, please contact us. We’re here to help you navigate VAT compliance smoothly and efficiently.

Knowledge to power your business

Explore our carefully-picked accountancy blogs, company news and industry updates.
Building a property portfolio: What you must know

With average values rising by 1.1% in this year’s first three months, the UK property market has performed better than many … Read more

Salary vs dividends: What’s a better choice for directors?

As the director of a small company, you have a choice when it comes to how you pay yourself. You can … Read more

How to navigate associated company rules to reduce corporation tax

According to the latest corporation tax law as of April 2023, companies that earn over £250,000 in profits within a tax … Read more

Our awards

Womens Silver Winner award
our-awards
Global awards 2019 ACQ5
Innovation and excellence awards
FSB small business awards

Download freebies

Grab free copies of accounting eBooks, tax checklists, business guides and other information from 3E’S.

Looking for accountants
to help you grow your business in the UK?

Streamline your accounting and financial processes with award-winning accountants.

Grow your business, and build lasting client relationships.

X

Discover how we can support your business.

Our unique combination of expert accountants, dedicated client managers, and full range of accountancy solutions has always impressed our clients.

Contact now