What is a VAT return?
A VAT (value added tax) return is a key document that sets out how much VAT should be paid to HMRC. It should include;
Who needs to complete a VAT return?
If your annual turnover is over the VAT threshold of £85,000, you must fill out a VAT return.
How do you complete a VAT return?
Returns are completed digitally and must be completed 4 times a year and submitted to HMRC.