VAT RETURNS

OUTSOURCING VAT RETURNS

The VAT return is the form which is filed with HMRC to show how much VAT you will be paying them.

The VAT return is the form which is filed with HMRC to show how much VAT you will be paying them.

If your turnover for the year exceeds, or you believe that it is likely that it will exceed £85,000*, then you must register for VAT and ensure that you;

  1. File a VAT return to HMRC every quarter and;
  2. Charge VAT – currently 20% on any products or services which you provide or buy

There are three different rates of VAT which can be charged – zero rate 0%, reduced rate 5% * and standard rate 20% *  but did you know that some goods are actually exempt from VAT such as educational services and that there are specific VAT rules which must be adhered to for some trades?

Our team at Mckenzies would be happy to advise you on any VAT questions you may have and if you would like us to file your VAT return, we can make sure that the VAT you pay and charge balances and who knows, you might even be entitled to a refund from HMRC!

*Figures at the time of writing, November 2019 

Our Outsourcing Services

For further information on the full range of accountancy outsourcing services including Payroll, Bookkeeping and Company Secretarial, please Contact Our Team Of Accountants.

VAT Returns

When approached by McKenzies, we were very reluctant to change accountants, especially as our accountants had done nothing wrong. But, on reflection, they should have done more. We now use McKenzies as our first port of call for all types of business advice.

RELATED SERVICES

Contact Us

2 Station Road West
Oxted
RH8 9EP
Email: Info@Mckenziesgroup.Com
Tel: 01883 717077

RECENT POSTS

UK Autumn Budget 2025: Key Changes and What They Mean for You

UK Autumn Budget 2025: What You Need to Know
Chancellor Rachel Reeves’ Autumn Budget introduces major changes affecting individuals, businesses, and investors. Key measures include frozen tax thresholds until 2031, higher taxes on property, dividends and savings, a new council tax surcharge for homes over £2m, and reduced Cash ISA limits. Businesses benefit from continued full expensing and business rates reform, while inheritance tax reliefs face tighter caps. Making Tax Digital becomes mandatory for sole traders and partnerships from 2026, and PAYE rules tighten for employers. VAT rates remain unchanged, but new duties on vaping products and EV road pricing are on the horizon.

SOCIAL LINKS

Facebook Linkedin