VAT Returns
VAT Returns Accountants in Manchester
We are here to help with all your VAT Returns, whether on a monthly, quarterly or annual basis. Established in February 2017, we have delivered professional and affordable accounting and financial services to thousands of small and medium sized business startups across Manchester and the wider UK.
What Are VAT Returns?
VAT Returns are forms/form you submit to HMRC which will inform them of how much tax you are due to pay them. You are obliged to submit a VAT Return to HMRC on a quarterly basis.
The VAT return shows the calculation of the amount of VAT due on sales minus the amount of VAT reclaimable on purchases. The result is the amount payable to HMRC.
If the amount reclaimable on purchases is more than the amount due on sales, HMRC will give you the difference back.