VAT Returns
At Keith Willis Associates, we can handle your business VAT returns on your behalf, ensuring they are filled out accurately and submitted well before any deadlines. We can support your business through the process, and ensure what you owe is clear and easy to digest.
Your HMRC VAT return will need to be submitted at the end of every quarter and records essential information regarding your company’s VAT obligations.
We provide advice and accounting management for businesses and individuals across Nottingham, the East Midlands and London. Call us on 0115 947 6677 to arrange a meeting.
What are my VAT obligations?
Your VAT obligations include:
Your total sales and purchases
The amount of VAT you owe
The amount of VAT you’re able to reclaim
The amount of your VAT refund from HMRC – if you’re owed one.
Failure to submit your VAT returns in time will lead to a ‘default’, which may mean you have to pay a surcharge. You may also face stronger penalties for inaccurate returns, but by choosing a chartered accountant with years of experience, you can remain fully compliant with HMRC at all times.
VAT Accounting
We are dedicated to delivering a prompt and efficient VAT accounting service for businesses across Nottingham. Not only do we keep precise records of your company’s VAT responsibilities, we can also answer any questions you might have, ensuring your VAT returns are explained to you in full should you ever need clarification.
If you require a team of dedicated and professional accountants in Nottingham to look after your VAT returns, contact our team today.
We work with small and medium-sized businesses in Nottingham and the surrounding areas, and we’re always happy to help.
Prices start from:
VAT accounts- Quotation given following consultation.
All prices are subject to VAT at 20%.
Frequently Asked Questions
When do I need to register my business for VAT in the UK?
You must register for VAT with HMRC if your business’s VAT-taxable turnover exceeds £90,000 over a rolling 12-month period, or if you expect your turnover to cross this threshold in the next 30 days. You can also register voluntarily if your turnover is below this amount, which can allow you to reclaim VAT on eligible business purchases.
How often do I need to submit a VAT return to HMRC?
Most UK businesses submit VAT returns quarterly (every 3 months), with the submission deadline and payment due 1 calendar month and 7 days after the end of the accounting period. However, depending on your scheme, you may submit monthly or annually under specialized HMRC schemes.
How does Making Tax Digital (MTD) affect my VAT returns?
Under HMRC’s Making Tax Digital (MTD) rules, all VAT-registered businesses must keep digital accounting records and submit their VAT returns using MTD-compatible software (such as Xero, QuickBooks, or Sage). At Keith Willis Associates, we ensure your records meet MTD requirements and handle submissions seamlessly.
