What You Need to Know About Filing VAT Returns

For many business owners, filing Value Added Tax (VAT) returns can be a daunting task. It’s important to understand the process involved in submitting a VAT return and what information is required to ensure that you have everything in order when it comes time to submit your return. Let’s take a look at some of the key things you need to know about filing a VAT return.

Deadlines for Filing Your Return

The first thing to understand is that there are deadlines for filing your Value Added Tax (VAT) returns. Depending on the type of business that you run, these deadlines will differ from one country or region to another.

For example, in the UK, businesses must submit their return by the end of each quarter for the period ending three months prior. This means that if your accounting year ends on March 31st, you must file your return by June 30th. Knowing when you need to file your return will help keep you organized and ensure that all deadlines are met on time.

What Information Is Required?

When it comes time to submit your Value Added Tax (VAT) returns, there are certain pieces of information that must be included. Your unique VAT registration number must be listed on every form submitted as well as the full name and address of your business.

Additionally, you will need to list all sales made during the period in question both inside and outside of the EU, any purchases made from suppliers within the EU during this period, any other expenses incurred during this period related to VAT such as delivery charges or commission payments and any input tax claims due from HMRC if applicable. All of this information should be listed clearly along with any additional information requested by HMRC such as evidence of purchase or receipts where applicable.

Calculating Your Return Amounts

Once all relevant information has been collected and added up correctly, it’s time to calculate how much VAT is due for payment or refund based on HMRC guidelines. The total amount payable should be rounded up or down depending on what is specified in HMRC regulations regarding rounding off amounts due for payment or refund which may differ depending on whether you are trading within or outside of the European Union member countries.

Once calculated correctly it should be added onto Form Vat100 before submission along with all other relevant details mentioned previously including unique registration number, company name, etc.


Filing Value Added Tax (VAT) returns can seem like an intimidating process but understanding what is required can make it simpler than expected. Knowing when deadlines fall, what information needs to be included in your return forms, and how much money is owed for either payment or refund makes filing easier than ever before so don’t let yourself get caught out! With a little bit of research into how best to prepare yourself for submitting VAT returns, business owners and entrepreneurs can rest assured knowing they have everything taken care of correctly and efficiently without any worry about incurring penalties from HMRC for late submissions or incorrect calculations!