Professional VAT Returns in North Yorkshire

Get in touch

VAT Return Accountants in North Yorkshire

Navigating the complexities of VAT (Value Added Tax) returns can be daunting for businesses of all sizes.

Ensuring that your VAT returns are accurate and submitted on time is crucial to maintaining compliance with HMRC regulations and avoiding unnecessary penalties.

At The Tax Advisors, we are a professional and affordable group of tax accountants based in the UK. We are dedicated to helping businesses manage their VAT obligations effectively.

We explore the essentials of VAT returns, common FAQs, and how our expert services can assist you.

Get in touch

What Are VAT Returns?

A VAT return is a document businesses registered for VAT in the UK must submit to HMRC, usually every quarter. This return outlines the amount of VAT a business has charged on sales and the amount it has paid on purchases.

The difference between these two figures determines whether the business needs to pay money to HMRC or if they are due a refund.

  • VAT return: A report detailing VAT charges and payments was submitted to HMRC.

  • Quarterly submission: Most businesses submit VAT returns every three months.

  • Compliance: Timely and accurate VAT returns are essential to avoid penalties.

Why Are VAT Returns Important?

Filing VAT returns accurately is not only a legal requirement but also vital for the financial health of your business. Incorrect or late submissions can lead to significant fines and interest charges from HMRC.

Furthermore, managing VAT effectively can help with cash flow management and ensure that your business claims all the VAT it is entitled to.

  • Legal requirement: All VAT-registered businesses must submit VAT returns.

  • Penalties: Late or inaccurate returns can result in fines.

  • Cash flow management: Efficient VAT management aids business finances.

Common FAQs About VAT Returns in YO23 2

1. Who Needs to Submit VAT Returns?

Any business with a taxable turnover above the VAT threshold (currently £85,000) must register for VAT and submit VAT returns. Even if your turnover is below this threshold, you can voluntarily register for VAT, which might be beneficial depending on your business circumstances.

  • VAT threshold: £85,000 in taxable turnover.

  • Mandatory registration: For businesses exceeding the VAT threshold.

  • Voluntary registration: Optional for businesses below the threshold.

2. How Often Do VAT Returns Need to Be Submitted?

Most businesses must submit their VAT returns quarterly, but some may choose to file them monthly or annually, depending on their cash flow and specific circumstances.

  • Quarterly returns: The most common submission frequency.

  • Alternative schedules: Monthly or annual returns are possible.

3. What Information Is Required on a VAT Return?

A VAT return typically requires details such as the total sales and purchases made during the period, the amount of VAT charged and paid, adjustments from any errors in previous returns, and the VAT on any imports or exports.

  • Sales and purchases: Total amounts during the period.

  • VAT charged and paid: Key figures for calculation.

  • Adjustments: Corrections from previous errors.

4. What Is Making Tax Digital (MTD) for VAT?

Making Tax Digital (MTD) is an HMRC initiative that simplifies tax reporting and makes it easier for businesses to keep their tax records up-to-date and accurate. Under MTD, most businesses must use compatible software to keep digital records and submit VAT returns.

  • Making Tax Digital (MTD): HMRC’s digital tax initiative.

  • Digital records: Required for MTD compliance.

  • Compatible software: Needed for submitting VAT returns.

5. What Happens If I Submit My VAT Return Late?

Submitting your VAT return late can result in penalties from HMRC, which can increase with repeated late submissions. Additionally, interest may be charged on any outstanding VAT owed.

  • Penalties: Fines for late submissions.

  • Interest charges: Applied to overdue VAT.

How The Tax Advisors Can Help

At The Tax Advisors, we understand that managing VAT returns can be complex and time-consuming. Our team of experienced tax accountants offers comprehensive VAT services, ensuring that your returns are accurate and submitted on time. We provide personalised advice tailored to your business needs, helping you easily navigate VAT regulations.

  • Expert advice: Tailored to your business.

  • Accurate returns: Ensuring compliance and avoiding penalties.

  • Timely submissions: Meeting all HMRC deadlines.

Why Choose The Tax Advisors?

  • Professional and Affordable: High-quality service at competitive rates.

  • Experienced Team: Skilled in all aspects of VAT and tax compliance.

  • UK-Based: Understanding of local regulations and requirements.

  • Comprehensive Support: From registration to filing and beyond.

Conclusion

Navigating the intricacies of VAT returns can be challenging, but with the support of The Tax Advisors, you can ensure that your business remains compliant and efficient.

Whether you need help with quarterly submissions, understanding MTD, or simply want to ensure you're claiming all possible VAT deductions, our team is here to help.

Contact us today to learn more about how we can assist with your VAT returns.

Get in touch

We cover North Yorkshire

Get in touch

We aim to get back to you in 1 working day.


Skip to

Gallery

Other locations available for professional vat returns
Scarthingwell New Park Cawton Marsett Thorganby Carleton-in-Craven Little Ouseburn Chapel Haddlesey Moor End Acklam Middleton Elslack Smelthouses Little Smeaton West Appleton Arrathorne Normanby Holme Green Boltby High Shaw Knavesmire Studfold Appleton Wiske Marton Wath Nether Poppleton Hardgate Newby Cote Angram Starbeck Little Fenton West Stonesdale Thorpe Willoughby Shaw Mills Bagby Sherburn Malham Middleton Tyas Langthorne Greystonegill Airmyn Kepwick Buttercrambe Bouthwaite Old Malton Goathland Newton under Roseberry Langthorpe Reighton Newton Morrell Ellingstring Kilton Birstwith Coneysthorpe Castle Bolton Aldbrough St John Cononley Swinden Wharfe Salton Appersett Menethorpe Harton Hutton Village Forcett Carlton Hambleton Thorpe Underwood Bagby Grange Swincliffe Hazlewood Junction Blubberhouses Haxby Huby Staintondale Wilton Dringhouses Bordley Cridling Stubbs Oatlands Suffield Baldersby Spaunton Upleatham Newby Dalby Gateforth West Burton Crayke Burn Swinithwaite Westerdale Exelby Asenby Beadlam Sutton-under-Whitestonecliffe Helperby Whaw Kirkham Huntington Grinton Low Hutton Swetton Barlow Lindley Sessay Manfield Crambeck Bridge Hewick Key Green Houlsyke Woodhall Nidd Holme Little Ayton Staithes Newbiggin Hanlith Catterton Burnt Yates Flasby Wass Lazenby Allerton Mauleverer York Hurgill Roxby Forest Lane Head Romanby Crossgates Kirkleatham Byram Fulford Skipwith Bland Hill Rufforth Wighill Kirkbymoorside Wescoe Hill Thirlby Bedale Thorgill Great Barugh East Knapton Newland Welbury East Loftus Yafforth Langthwaite New Earswick Swinton Lane Ends Brawith Husthwaite Healaugh Tancred Ainderby Steeple Fearby Hawkswick Ampleforth Cowling Newholm Low Grantley Kirkby Malzeard Bilbrough Hambleton Crockey Hill Hellifield Hirst Courtney Wigglesworth West Cliff Brown Bank Briggswath Risplith Womersley Brotton Kirk Hammerton Welburn Harrogate Binsoe Nunnington Clifton Colton Stapleton Riccall Smallways Sandhutton Cowling Kirby Knowle Knapton Bewerley Leathley Cloughton Raw High Bradley Toulston Dallow Cawthorne Low Bradley Carperby Pallister Willerby Garriston Low Worsall East Appleton Stearsby Hutton Rudby Osbaldwick Kilton Thorpe Sawdon Camp Hill Kirkby Wharfe Cobby Syke Tockwith Heyshaw Holly Hill Ingleby Arncliffe Gayle Ryther Stillingfleet Esk Valley Norton-le-Clay Walden Marske Acklam Appletreewick South Stainley Newby Askham Richard Dunkeswick Aislaby Well Winsley East Ness Carlton Husthwaite Kirkbridge Lower Dunsforth Greygarth Bulmer High Stakesby Burneston Oldstead Skelton on Ure Lastingham Kirby Hill Cock Hill Bilton in Ainsty Marton Skelton Finghall Fadmoor Hunmanby Moor Town Head Sinnington Kirkby Fleetham Claxton Clints Whitley Firby Hutton Wandesley Muscoates Burrill Walden Stubbs Birdforth Cloughton Newlands Middleton Quernhow Danby Wiske Lockton Tang Hall Foxup Beamsley Fewston Newsham Moulton Bishopthorpe Osgodby Primrose Valley Low Whita Minskip Aldfield Menthorpe Coulby Newham New York Dormanstown Studley Royal Cleasby Green Hammerton Storiths Askrigg Skyreholme Mill Hirst Bolton Bridge Skipton Kirby Misperton Harlow Hill Low Mill Foxholes Pickering Low Garth Stanghow Airy Hill Conistone Keasden Linton Kildale Appleton Roebuck Hutton Gate Newton Mulgrave Acaster Malbis Farnley West End Westow Aire View Harwood Dale Thornton in Lonsdale Austwick Gunnerside Ravenseat Ellerby West Rounton Silpho Hutton Bonville Escrick Burton Leonard Bolton-on-Swale Norton-on-Derwent Birkby Old Byland Bainbridge Redmire Stape Skelton Copt Hewick Nappa Scruton Staupes Stainburn Skinningrove Beckwith Kearton Harome Chop Gate Nunthorpe Roecliffe Burniston Thorpe Killinghall Briscoerigg Sleights Borrowby Hutton Buscel Sneatonthorpe Cracoe Dacre High Ellington Hartoft End Osmotherley Moor End Swinton Warthill Farnham Seave Green Thornton-le-Dale Pinchinthorpe Bullamoor Embsay Rathmell Tunstall High Birstwith Barton-le-Willows Myton-on-Swale Bellerby Thoralby Hinderwell Clifton Moor Sherburn in Elmet Scawton Heathfield Lodge Green Fairburn Ruston Kirklington North Cowton Braidley Wykeham Arkendale Howe Staveley East Heslerton Goldsborough Pickhill Keld Houses Gill Stalling Busk Gate Helmsley Moor Monkton Scotton Irton Speeton Barrowcliff Hut Green Moor Monkton Moor Flaxby Pannal Ash Hornby Ripon Amotherby Hunsingore Thorns Leppington Sneaton Hackforth Keldholme Kexby Potter Brompton Thornton-le-Moor Carlton Over Silton South Milford Hubberholme Brearton Newton Kyme Great Fencote Huby Litton Girsby Brackenthwaite West Witton Yearsley Seamer East Harlsey Fleets Firby Ebberston Howgill Sedbusk Aldborough Skipton-on-Swale Lothersdale Otterburn South Bank Spacey Houses Reeth Stirton Skewsby Threshfield East Marton Crosby Court Little Skipwith Biggin Hawnby Low Gate Skeeby Helperthorpe Kilnsey Stokesley Stainsacre Flixton Hessay Sheriff Hutton Cowthorpe Butterwick Potto Dunsley Stillington Hutton Hang New Road Side Layerthorpe Barton Hill Dalton Langcliffe High Kilburn Wath Newby Foxton Easby Tollerton Appleton-le-Moors Newby Wiske New Thirsk Nawton Sandsend Easingwold Brookfield Harmby Thornton-le-Beans Broughton Spennithorne Grangetown Leighton Laverton Thirn Knayton Camblesforth Cotterdale Eggborough Halton West Coxwold New Brotton Tollesby Thimbleby Keld Oulston Eppleby Eldroth West Knapton Great Busby Westfield Linthorpe Easby Sutton-in-Craven Ferrensby Farnhill West Haddlesey Thornton Steward West Marton Gayles Caldbergh Little Smeaton Monk End Lawkland Ingleby Cross Hebden Deepdale High Hutton West Field Cockayne Brompton-on-Swale Thornton Rust Stainforth Moor End Field West Barnby Lower Westhouse Leake Urra Ashfold Side Thwaite Near Hardcastle Hawsker Egton Bridge Caldwell Murton Grange Port Mulgrave Uckerby South Otterington Hartlington Huttons Ambo Royal Oak Hellifield Green Hew Green Newton-on-Ouse Low Bentham Loftus New Houses Monk Fryston Feizor Upsall Melmerby Morton-on-Swale Throxenby Catterick Tunstall Wintringham Sawley Old Thirsk Norby Whitby Satron Kirkby Mills Sand Hutton Grange Cattal Healaugh Sutton Howgrave Langbar Great Heck Flaxton Airton Rawcliffe Little Ribston Barton West End East Hauxwell Oxton Swainby Croft-on-Tees Clapham Kennythorpe Middlecave Rossett Green The Grange Hunton Wilsill Drax Gollinglith Foot East Witton Barton-le-Street Goulton Hartwith Gatenby Low Dalby Ganthorpe Aysgarth Green End Scorton South Holme Church Houses Lebberston Rainton Bridgehouse Gate Hill Top Timble Walkerville Ellerburn Eryholme Town Head Cayton Chapel Fields Bossall East Common Beal Booze Teesville Overton West Ness Low Marishes Great Habton Earswick Bramley Head Nunwick Long Marston Commondale Marton-le-Moor Hampsthwaite Levisham Upper Poppleton Boulby Carlton Gargrave Little Heck Lackenby Kilburn Ripley North Deighton Chapel-le-Dale Shaw Green Barkston Ash Glaisdale Hetton Boosbeck Langton Glasshouses Skirethorns Yedingham Little Habton Newton-le-Willows Hudswell Hensall Cliffe Beningbrough Leyburn Eston Tang Hornby Kettlewell Grosmont Yockenthwaite High Grantley Wensley Marton Grove Raskelf Little Fencote Filey Brayton Northallerton Ormesby Eastfield Stutton Cold Kirby Scalby Hunmanby East Lutton Middleton-on-Leven Calcutt Meagill Scotton Jennyfield Coatham Wydra Branton Green Charltons Castleton Thruscross Middleton Snainton Scarborough Gristhorpe Rosedale Abbey Birkin Helwith Bridge Wharram le Street Grantley Hall Bickerton North Skelton Sexhow Gerrick Stainton Birdsall Low Hawsker Sowerby Aislaby Beckermonds Dacre Banks Beckwithshaw Cononley Woodside Askwith Warsill Stapleton Dalton-on-Tees Osgodby Common High Hawsker Bolton Percy Forest Moor Summerscales Slapewath Colburn Water Houses Bishop Monkton Leavening East Rounton Slingsby Settle Kirby Hill Margrove Park Deerstones Foston Low Green Bilton Haggs Daw Cross Cundall Thornton Horton in Ribblesdale Ingleby Greenhow Hipswell Giggleswick Bilton Lowna Marrick Hutton Conyers Nun Monkton Burythorpe Carlin How Brandsby Scackleton Clint Whashton Crathorne Marton-in-the-Forest Great Ayton Poole Shawfield Head Thorlby Thirsk Middlethorpe Castley Wheldrake Wath High Marishes Grewelthorpe Copmanthorpe Crambe Horsehouse West Lilling Alne Ilton Oswaldkirk Threapland Richmond Mill Dam Selside Malton Little Barugh Grimston Low Snaygill Baldersby St James Cross Lanes Sutton Londonderry Eastburn Br Warlaby Great Smeaton North Lees Crowdon North Duffield Moor End Whixley Church Fenton Killerby Milby Ulleskelf Greenhow Masham Whitley Thorpe Cargo Fleet Rylstone Heathwaite Borrowby Cold Cotes Wharram Percy Foredale Brotherton Farlington Broughton Newby Fylingthorpe Grassington Normanby Sutton-on-the-Forest Wrelton North Rigton Murton Starbotton Low Row Leeming Darley Brafferton Settrington Burton Salmon Kildwick Woodlands Scagglethorpe Kirk Deighton Markington Byland Abbey Newbridge Fangdale Beck East Ayton Duggleby Winksley Dale End Angram Kiplin Kirby Sigston Newton-on-Rawcliffe Goldsborough Moorsholm Crakehill Thornton-le-Clay West Ayton Stockton on the Forest Upper Helmsley Brackenbottom Burtersett Muston Kearby Town End Azerley Bishopton Coverham Melsonby East Layton Selly Hill Heworth Helmsley Cross Holme Warrenby Newsham Rowden Ruswarp Coniston Cold Hutton Sessay Hopperton Deighton Scaling Oakdale Whitewall Corner Tame Bridge Darley Head Weston Hovingham Moxby Simonstone Barnoldswick Hemingbrough Brompton Kirk Smeaton Ainthorpe Rievaulx Lumby Ladies Riggs Flawith Stonegrave Hall Garth Great Thirkleby Lease Rigg Dishforth Wiganthorpe Green Close Rillington Robin Hood's Bay Ingleton Constable Burton Buckden Gillamoor Ellerbeck Berwick Hills Nosterfield Great Edstone Gilling West Kirkby Malham Yearby Kirby Wiske North Grimston Strensall Holtby Kirkby Whitwell Weeton West Scrafton Great Broughton Low Laithe Thormanby Ure Bank Thornton-in-Craven Stainton Ellerton Colsterdale High Bentham South Kilvington Butterwick Spring End Staxton West Heslerton Kelfield Summerbridge Brough With St Giles East Cowton Park End Feetham Kettlesing Bottom West Layton Dalton Thorpe Bassett Hawes Little Stainforth Coneythorpe Aiskew North Kilvington Kettlesing Ravensworth Burnsall Whitwell-on-the-Hill Rookwith Eastby Kellington Stone Head Heslington Longscales Eshton Braythorn Cray Westhouse Liverton Danby Masongill Ickornshaw Ganton Deighton Wykeham Dunsdale Gilling East Carlesmoor Great Crakehall Woodhall Hardraw Eavestone Bishop Thornton Saxton Ramsgill Thornton Watlass Folkton West Harlsey Nether Silton Snape Warthermarske Booth Bridge Helm Hutton-le-Hole Ulshaw Terrington Melmerby Winton Kellingley Ingerthorpe Stonegate Ravenscar Tholthorpe Tadcaster Denton Mearbeck Naburn Seamer Scriven Lealholm East Newton Ugthorpe Ugglebarnby Nappa Scar Draughton High Harrogate Fewston Bents Halton East Great Ouseburn Hill Top Picton Blades Lealholm Side Sharow Dawker Hill Lund Sicklinghall Mickley Cowesby Sproxton Alne Station Walshford Great Langton North Stainley Whitley Bridge Enterpen Pateley Bridge Catton Bolton Abbey Studley Roger Thornton-le-Street Newhay Middlesmoor Long Preston Elvington Temple Hirst Little Studley West Lutton Middleham Wistow Appleton-le-Street Walmgate Stray Burton in Lonsdale Dunnington Lofthouse Bedlam Preston-under-Scar New Marske Whenby Wigginton Winterburn Sinderby Myton Hall Topcliffe Padside Raygill Barden Leeming Bar Gammersgill Welburn Howsham Countersett West Tanfield Long Drax Middlesbrough Burn Bridge Stean Rudby High Worsall Little Crakehall Newthorpe Acomb Faceby Pockley Ryton Follifoot South Duffield Wake Hill Towthorpe Askham Bryan Crackpot Catterick Bridge Oughtershaw Knaresborough Downholme Boroughbridge Hill End Marske-By-The-Sea Wilton New Skelton Drebley Carlton in Cleveland Brokes Ivelet East Barnby Coulton Streetlam Thrintoft Cubeck Ingmanthorpe Woodale Carthorpe Newby Kirkby Overblow Mewith Head Falsgrave Liverton Mines Mickleby Street Holgate Thornthwaite Brompton-by-Sawdon Thornborough Fremington North Ormesby Harlow Carr Easington Clapham Green Egton Barlby Worton Aldwark Lawkland Green Kirby Grindalythe Runswick Bay West End Agglethorpe Street Houses Middleton Low Ellington Thixendale Hemlington Healey Knoll Top Whorlton Fishpool Scampston Calton Lingdale Cliffe Cawood Thorpe Wood Acaster Selby Nunthorpe Saltburn-By-The-Sea Hackness Wombleton Clifton High Eggborough Newbiggin Hillam Felixkirk Selby Langbaurgh Patrick Brompton Padside Green Cropton Scrayingham Cross Hills Stackhouse Brawby Bank Newton Weaverthorpe Netherby Linton-on-Ouse Pannal Muker Guisborough Theakston Nun Appleton Copgrove Fawdington Galphay Carlton Miniott Fryton Redcar Allerston Easterside Bell Busk Arkle Town Balne Marton Youlton Hartforth Halton Gill Grafton Maunby Ainderby Quernhow Littlethorpe Spofforth Upper Dunsforth Arncliffe Washfold Woodthorpe Battersby Shipton Towton South Bank