Using accountants or agents You’ll need to authorise them before they can submit your VAT Return. You can do this through your VAT online account. Find an accountant or a solicitor to help you with your VAT return or tax.

What are the VAT return quarters?

The three stagger groups are as follows: Stagger group 1 – quarters ending March, June, September, December. Stagger group 2 – quarters ending April, July, October, January. Stagger group 3 – quarters ending May, August, November, February.

How long do you have to submit a quarterly VAT return?

If you pay your VAT monthly or quarterly, the deadline for submitting your return and paying any VAT you owe is one calendar month and seven days after the end of the VAT period. For example, for the quarter ending 31 March 2017, your return must be submitted and payment cleared in HMRC’s account by 7 May 2017.

How much does it cost to do a VAT return?

Fees for preparing and submitting VAT returns are charged per return. Therefore if a business has annual turnover of £92,000 and doing quarterly returns it would be charged £100 per quarter or £400 per year for VAT work.

Can I submit monthly VAT returns?

Monthly returns If making payments on account and submitting quarterly VAT returns does not suit your business you can choose to make VAT returns and payments monthly. To make the change to monthly returns you can either: apply online to change your registration details.

Who can submit monthly VAT returns?

The standard return period is three months, but monthly returns are normally allowed for regular repayment traders. A business may be compulsorily directed to submit monthly or annual returns where it is considered necessary to protect the revenue.

What is the penalty for late submission of VAT return?

If you fail to pay the VAT due by the due date for any returns due within the next year, the surcharge will be 2% of the outstanding tax. The surcharge increases to 5% for the next default, and then by 5% increments to a maximum of 15%.

How do I submit a VAT return to MTD?

File your MTD VAT return in three easy steps

  1. Download and complete the MTD-VAT spreadsheet template .
  2. Apply for HMRC MTD-VAT gateway authorization and upload your VAT spreadsheet to the VAT bridging software.
  3. Review and file your MTD-VAT return to HMRC online.