VAT Returns
VAT returns must be submitted accurately and on time, and since Making Tax Digital (MTD) became mandatory, they must be filed through compatible software. A Danials Limited handles your VAT returns end to end, using Xero to keep everything MTD-compliant.
Book a free consultationWho this is for
VAT-registered businesses of any size. Whether you are on standard VAT accounting, the Flat Rate Scheme, or cash accounting, we can manage your returns.
What's included
- VAT return preparation from your bookkeeping records
- MTD-compliant submission via Xero
- Flat Rate Scheme review and optimisation
- VAT registration and deregistration assistance
- Partial exemption calculations where applicable
- Advice on VAT schemes to minimise your liability
Frequently asked questions
- Do I need to be VAT registered?
- You must register if your VAT-taxable turnover exceeds the current threshold (£90,000 from April 2024). You can also register voluntarily below the threshold, which may be beneficial if your clients are VAT-registered businesses.
- What is Making Tax Digital for VAT?
- MTD for VAT requires all VAT-registered businesses to keep digital records and submit returns using MTD-compatible software such as Xero. Non-compliance can result in penalties.
- How often do I need to file?
- Most businesses file quarterly, but monthly or annual returns are also available depending on your scheme and HMRC agreement.