What is a VAT Return?
A VAT (value added tax) return is a key document that sets out how much VAT should be paid to HMRC. It should include;
Who Needs to Complete a VAT Return?
If your annual turnover is over the VAT threshold of £85,000, you must fill out a VAT return.
How Do You Complete a VAT Return?
Returns must be completed 4 times a year and submitted online to HMRC.