VAT Return Services

Why VAT Management Can’t Wait

1 in 3 UK businesses faces VAT penalties due to late filings or errors (HMRC 2023 data). Whether you’re:

✔ New to VAT (registering for the first time)

✔ Struggling with MTD (Making Tax Digital)

✔ Overpaying VAT (missing reclaim opportunities)

We simplify compliance while ensuring you never overpay.

Deadlines & Penalties at a Glance

Submission Due: 1 month + 7 days after period end.
Payment Deadline: Same as submission date.
Late Penalties:
- 1st offense: No penalty (if < 9 days late)
- Repeated delays: 2%-15% of VAT due

Pro Tip: Sign up for our VAT Deadline Alerts to avoid last-minute rushes.

Get a free consultation to see how Hasebu Accountants can help

📞+447366002811

Our End-to-End VAT Solutions

VAT Registration & Deregistration

Threshold monitoring: We’ll advise when to register (currently £90K turnover).
Voluntary registration: Boost credibility & reclaim input VAT earlier.
Deregistration strategy: Save costs if turnover drops below £83K.

MTD-Compliant VAT Returns

Software setup: Xero/QuickBooks integration with HMRC.
Digital record-keeping: Automate sales/purchase tracking.
Error checks: Our pre-submission audit catches 99% of mistakes.

VAT Investigations Support

Dispute handling: We negotiate with HMRC on your behalf.
Penalty appeals: Challenge unfair fines successfully.

VAT Scheme Optimization

Flat Rate Scheme:

Best for: Small businesses with low expenses
Potential Savings: Simpler filings, fixed rates

Cash Accounting:

Best for: Cash-flow sensitive businesses
Potential Saving: Pay VAT only on received payments

VAT Scheme Optimization

Annual Accounting:

Best for: Seasonal businesses
Potential Savings: One annual return + quarterly ‎installments

Margin Scheme:

Best for: Second-hand goods retailers
Potential Savings: VAT only on profit margins

Get a free consultation to learn how Hasebu Accountants can assist you

info@hasebu.com

Contact Us

Get a proposal and a fixed fee quote by getting in touch with us to schedule your free video or in-person consultation.

Answers to Commonly Asked Questions

What is a VAT return?

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.

What are the VAT deadlines?

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.

Who has to file a VAT return?

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.

How do I file my VAT return?

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

What happens if I file my VAT return late?

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

Can I claim VAT back on business expenses?

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.

Can I change my VAT return once submitted?

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.