VAT Return Services

A VAT return is a report you must file with HMRC that summarises the VAT you have collected and paid over a specified period of time.For most UK businesses, VAT returns are prepared and filed quarterly. Based on the return, businesses either make a payment to HMRC or receive a refund.

This depends on your filing frequency. For most businesses, VAT returns are prepared quarterly, with the VAT return due for filing and the VAT due to be paid 1 month and 7 days after the end of the quarter.

Your business is VAT-registered – either because:

• Your taxable turnover exceeded the VAT registration threshold (£90,000 from 1 April 2024), or
• You voluntarily registered for VAT even if below the threshold.

You’re a sole trader, partnership, limited company, or other entity that has registered for VAT.

Even if you have no VAT to pay or reclaim in a given period, you still need to submit a VAT return on time.

All VAT returns must be filed online using Making Tax Digital (MTD)-compatible software which HASEBU will take care of.

Late filing or payment can result in penalties, interest charges, and a possible surcharge under HMRC’s VAT penalty system.

Yes, if you are VAT-registered and the expense is for business purposes, you can reclaim VAT paid — as long as you have a valid VAT invoice.

Yes. You can make corrections on your next return if the error is under £10,000 (or 1% of turnover, up to £50,000). Larger errors must be reported directly to HMRC. Do not worry, HASEBU will help.