VAT Return Services
VAT Return Accountancy Services Tailored For Your Business
Submitting a VAT (Value Added Tax) return is a legal requirement for businesses that make over £90,000 per year. If you earn under this threshold, it is still beneficial for your business to be VAT registered, and you might be entitled to a refund from HMRC.
At SwiftBooks our expert accountants are specially trained in VAT returns and offer support and advice to ensure your business is financially efficient. Our bespoke accounting packages and one-off support options are designed to serve a range of UK businesses, including sole traders, limited companies, and partnerships.
We ensure your VAT return is always fully compliant with the latest regulations from HMRC, accurate, and GDPR secure. Our VAT return accountants streamline the process to save you valuable time and avoid costly mistakes.
What Is VAT?
Value Added Tax (VAT) is added to taxable products and services sold by VAT-registered businesses, as well as commissions and business assets. VAT is typically added at the rate of 20%.
It is a legal requirement to be VAT registered if your business makes over £90,000.
Why Is It Beneficial To Be A VAT-Registered Business?
If you’re business makes under £90,000, you legally do not have to be a VAT-registered company. However, even if you do not legally need to register for VAT, it can be beneficial to your business.
For example, it can increase credibility, and some larger clients and customers will only work with VAT-registered businesses.
Additionally, being VAT registered could save you money. If you are registered, you can reclaim VAT on all goods and services you purchase for your business, known as input tax. Output tax is the tax you charge on your services. If your input tax is higher than your output tax, you can claim a tax refund through HMRC.
What Is A VAT Return?
A VAT Return is a form that needs to be completed and filed with HMRC to tell them how much VAT you have charged on your goods and services, and how much VAT you have paid to other businesses.
You must complete a VAT return form for HMRC, with a full summary of:
- Input tax: the amount of VAT you paid for goods and services for your business.
- Output tax: the amount of VAT you’ve charged on your services.
You normally need to send a quarterly VAT return to HMRC every 3 months, at the end of every quarter. This is known as your accounting period.
Some businesses are registered under the VAT Annual Accounting Scheme, which means they would only need to submit an annual VAT return once every year.
If you’re registered for VAT, you must submit a VAT return, even if you have no VAT to pay.
Contact us for advice on the schemes available for your business.
Our 3-Step Process to Filing VAT Returns
We send you a reminder
We’ll let you know when your VAT returns are due.
We complete your VAT return
We will check through and compile your VAT return. Once completed, we will forward a copy to you for approval.
We submit your VAT return
Once we’ve received your approval, we will submit your returns directly to HMRC.
Why Choose SwiftBooks for your VAT Returns?
With a vast experience in working with small businesses in the UK, SwiftBooks Accounting are ready to support your business. Here are just some of the features of our VAT Return services:
Your own dedicated accountant to prepare your quarterly VAT returns
Making tax digital compliant
Ensure we optimise your VAT tax bill
Regular reviews to ensure you pay as little VAT as possible
Who Our VAT Return Accountants Help
Our experienced team of online accountants for tax returns are trained to help a wide range of clients from different types of businesses across the UK.
Whether you’re a sole trader, a limited company or partnership at SwiftBooks, we offer tailored accounting solutions that make your financial responsibilities manageable and compliant with HMRC.
How Much Do Our VAT Return Services Cost?
At SwiftBooks, we offer comprehensive accounting packages as well as one-off support.
Our VAT-inclusive packages start from £139.99 a month plus VAT.
Explore Our Accounting Packages
Our bespoke accounting packages are designed to serve a range of UK businesses, including sole traders, limited companies, and partnerships.
We aim to meet all your accounting needs by offering expert accountancy services and advice while remaining great value-for-money.
Trust us to make your VAT returns simple with our monthly VAT return services.
Self-Assessment
From £39.99 per month
Comprehensive and affordable online accountant packages, ideal for sole traders.
Small Businesses
From £39.99 per month
Cost-effective online accountant packages for small businesses, tailored to your individual needs.
Limited Companies
From £89.99 per month
Expert online accountant packages to help limited companies grow their business.
Partnerships
From £89.99 per month
Tailored online accountant packages dedicated to helping partnerships manage their business accounts.
What our Customers Say
Speak To An Expert VAT Return Accountant Today
Looking for help with your VAT tax return?
Contact our expert team of accountants today for more information about how we can assist you.
VAT Return Services: FAQs
SwiftBooks includes company registration, VAT registration and PAYE registration in all of our accounting packages.
Legally you must be VAT registered if your business makes over £90,000 per year. If your business makes less than that, it can still beneficial to be VAT registered as you might be eligible to claim a tax refund through HMRC.
Most businesses submit their VAT returns every 3 months. However, there are exceptions, such as firms that belong to a VAT Annual Accounting Scheme, which submit yearly VAT returns. Some businesses might also choose to submit monthly VAT returns.
At SwiftBooks, our team have the expertise to advise you on the different schemes available for your business and how often you must submit your tax return.
If your business bought goods before registering for VAT, you can claim the input VAT back on goods and services within the last 4 years. If you still have the goods or used them to make other goods or services, your business still has.
If your business bought taxable goods before registering for VAT, you can claim back VAT for the previous 4 years, as long as you still have the goods or used them to make other goods you still own.
VAT you spent on services can be claimed back for the six-month period before registration.
No, all our packages are rolling agreements and can be cancelled at any time, unless stated otherwise prior.
Once your business is up and running we can get you setup on our system within a few working days.
Very easy, all you need to do is forward your previous accountant’s details and we will request the handover details directly.
Our packages contain unlimited email support from your dedicated accountant.
You will be kept in the loop with upcoming deadline dates, outstanding items and regular suggestions to operate more efficiently.
Yes, we offer a range of ad-hoc accounting and tax services, including self-assessment accounting, payroll services, CIS returns and applications for business research and development. Each service can be tailored to the needs of your business. Get in touch to see how we can help you.
For our monthly packages, we would need your receipts and invoices uploaded to our bookkeeping software regularly. This has an easy-to-use app so you can take a picture of them as you receive them.