All About VAT Returns

The following article will hopefully inform you with everything you need to know about VAT returns.


What is a VAT return?


A VAT return is a form that you will file with HMRC usually four times a year which will show them how much VAT you are due to pay. You will only need to do this if you are VAT registered. To calculate how much VAT you pay or are owed they look at Your total sales and purchases across a three-month period, the amount of VAT you owe for sales and the amount of VAT you can reclaim for purchases made by your business. If you owe more VAT than you can reclaim then you will need to pay HMRC the difference, if this is not the case, then HMRC will refund the difference to you.



How to submit a VAT return?


You must submit a VAT return online unless for one of the following reasons you are unable to do so…

  • You are unable to because of a disability, your age or the location of where you live.
  • For religious reasons, you do not use a computer.
  • Your business is subject to an insolvency procedure.


Here at Bedford Accountants we are experts in this field and be able to guide you every step of the way. As a starting business you have the choice on whether you wish to be VAT registered or not, if you choose not to be then, Bedford Accountants will fill out and submit your VAT return when the time comes to be registered.

What Services Does an Accountant Typically Provide?

Although the services an accountant provides can vary depending on the package you decide upon, below is an outline of some of the services to look out for. Furthermore, some services can be provided at additional cost. For example, providing references for mortgages and rental agreements or dealing with correspondence from the Companies House or HMRC.


Before you commit to working with a new accountant, make sure you have them explain to you exactly what is included in your particular package. Contact Bedford Accountants for more information on the kinds of services available to you.


  • VAT and VAT Returns

If you are looking for accounting services such as VAT returns in Bedford, Bedford Accountants are able to assist any size of business. Furthermore, our team of professional chartered accountants will take care of all of the responsibilities that accompany the process.

  • Corporation Tax

For companies registered with the Companies House, Corporation tax and the rates you pay are related to your business profit. Bedford Accountants provide expert guidance, so you pay the exact amount of corporation tax in Bedford.

  • Payroll & Register Your Business for PAYE

Should you need to take on new employees, payroll can prove quite difficult to manage on your own. Luckily, Bedford Accountants offer excellent services, including payroll in Bedford and PAYE in Bedford.

  • Bookkeeping

Bookkeeping done correctly can ensure that your business has room to grow. If you are looking for help with bookkeeping in Bedford, our team of accountants can help.

  • Annual Accounts

Annual accounts can be tricky to manage. If you require an accountant to carry out annual accounts in Bedford, look no further than Bedford Accountants.

  • Company Formation

If you need help with the financial side of company formation in Bedford, Bedford Accountants team of experienced and professional accountants are here to help.

  • Personal Tax

Personal tax or income tax as it is otherwise known is dependant on the amount you earn. If you are in need of advice and guidance regarding personal tax in Bedford, contact Bedford Accountants.