To check a VAT return online, login to your HM Revenue and Customs (HMRC) account. This allows you to view your full VAT account, including your VAT returns, and access other online VAT services.
Thanks to Making Tax Digital, businesses can submit a VAT Return to HMRC every month. This makes things much easier. You will have to submit a final VAT Return if you cancel your VAT registration.
You will need to buy or acquire software that is compatible with HMRC's Making Tax Digital rules. Making Tax Digital for VAT became mandatory for most businesses in the UK in April 2019. From that point HMRC no longer provided online tools for digital submission of VAT Returns. Instead, submissions must be made through commercial software, like Sage Accounting.
Bridging Software helps make sense of more complicated VAT arrangements by taking your spreadsheets and making them comply with HMRC’s new Making Tax Digital rules.
You need to register for VAT online if your turnover is greater than £85k per year. Accounting supports the most common VAT schemes - Standard, Cash-based, Flat Rate, and Flat Rate Cash-based.
“It took me up to 2 days to do a quarterly return. Now it takes me up to 6 hours”