Professional VAT Returns in Shropshire

Get in touch

VAT Return Accountants in Shropshire

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 SY13 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 Shropshire

Get in touch

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


Skip to

Gallery

Other locations available for professional vat returns
Eardington Glan-yr-afon Pitchford Hope Wrickton Rockhill Lythbank Cotonwood Alcaston Munslow Winnington Green Crickheath Wharf Middlehope Allscott Stowe Gledrid Hopton Pen-y-coed Leath, The Conquermoor Heath Trench Milson Woodlane New Woodhouses Churchbank Woodside Maesbury Woore Weston Soudley Sheinton Crickheath Ightfield Heath Emstrey Norbury Lyneal Mill Rhyn Round Oak All Stretton Loppington Cantlop Rhydycroesau Bowbrook Moreton Corbet Shrawardine Hampton Loade Lodgebank Honnington Brookrow Blackford Norton Milford Caynham Cressage Myndtown Town Centre Stiperstones Tilsop Crosslanes Upper College Hopton Wafers Sansaw Heath Dallicott Ridgway Highley Astley Abbotts Worthen Bagginswood Shawbank Woodseaves Wigmarsh Dryton Nib Heath Vernolds Common Stanton Lacy Marsh Green Cheswardine Ludlow Little Drayton Snedshill Edgerley Little Sutton Redhill Heath Hill Shipton Felton Butler Knowle Sands Asterley Huntington Gore, The Stokesay Old Park Posenhall Newtown Shelderton Middleton Baggot Brandhill Bradney Elbridge Greete Old Coppice Hollyhurst Cross Green Hillside Whittingslow Nant-y-gollen Nobold St George's Middleton Scriven Clunton Culmington Lower Hordley Stanton upon Hine Heath Stanwardine in the Fields Birtley Ashford Bowdler Rodington Heath Weirbrook Grindle Harmer Hill Bagley Newtown Nefod Downton Stoneacton Aqueduct Mynd Little Dawley Bedstone New Works Chapel Lawn Kingslow Sidbury Marchamley Stanley Ashbrook Sutton Soudley Gravenhunger Moss Tong Forge Upper Battlefield Tilley Green Summerhill Picklescott Sutton Lawton Bromdon Wolverley Pentre Morton Common Wern ddu Great Ryton Low Town Wigginton Woodcote Moston Wroxeter Bridgnorth The Humbers Roughton Donnington Elson Belle Vue Hill Houses Pentre-cefn Shawbury Uckington Hampton Beech Hope Bagot Ludford Saltershill Brooklands Purslow Welsh End Henley Lawley Newcastle Greenhill Bank Walcot Bulthy Hadnall Bicton Tweedale Crosemere Horton Ollerton Totterton Hamperley Muckley Preston upon the Weald Moors Osbaston Brandwood Morton Muckleton Bishop's Castle Poynton Green Upper Astley Wattlesborough Heath Chelmick Broncroft Gwern y brenin Ticklerton Henley Prees Higher Heath Edstaston Broughton Pinstones Lydbury North Oakengates Muxton Horton Morton Mill Sandford Oreton Ireland's Cross Linleygreen Childs Ercall Madeley Rindleford Dorrington Duxmoor Shifnal Commonwood Stableford Whitcot Preston Montford Worfield Hengoed Shirlett High Ercall Wootton Grinshill Farley Moortown Hallonsford Meadowley Mount Pleasant Frodesley Wernlas Montford Bridge Poolhead Chemistry Whixall Stanley Dudleston Grove Longford Stanwardine in the Wood Cruckton Hazler Preeshenlle Brompton Hampton Upper Treverward Coundmoor Adeney Lea Clive Dudleston Minsterley Ashfields Bronygarth Duffryn Cruckmeole Butlane Head Underdale Lightmoor Knolton Bearstone Broadstone Eaton Constantine Aston Eyre Oldbury Battlefield The Nook Bryn-y-cochin Hobbins, The Whitcott Keysett Abcott Llwyn-y-go Ruckley Grafton Haston More Newington Pant-glas Withington Stoke St Milborough Pedlar's Rest Mickley Jackfield Priest Weston Lyneal Upper Forge Porthill Colemere Dawley Bank Marchamley Wood Neen Sollars Snailbeach Crumpsbrook Breaden Heath Woolston Titterhill Wagbeach Old Field Woodside Pentre-newydd Bucknell Edgton Nesscliffe Upper Netchwood Wykey Stockton Tedsmore Cleobury Mortimer Pentre Purlogue Mondaytown The Four Alls Bourton Westwood Hemford Bentlawnt Peaton Lower Allscott Shelve Bings Heath Clunbury Noneley Malehurst Upper Wigginton Ploxgreen Farmcote Pennerley Boraston Sleap Chesterton Gravels Webscott Gobowen Farley High Heath Westbury Easthopewood Etsell Duddlewick Beobridge Whittytree Lockleywood Yockleton Cleestanton Sytch Lane Ensdon Kinnerley Down, The Littlegain Lynn Cross Houses Aston Rogers Lower Beobridge Muckley Cross Donington Ford Ellerdine Heath Buttonbridge Tetchill Shelton Ragdon Sutton Street Dinas Upper Dinchope Hadley Castle Ale Oak Newton Hinton Harley Hopesgate Cross Long Meadowend Pickstock Aston Sq Hayton's Bent Dothill Marshbrook Dobson's Bridge Ashfield Sutton Hill Burford Pixley Stoneylane Admaston Hollins Lane Wentnor Berwick Wharf Quatford Woodbank Leaton Crateford Wooton Betton Strange Buttonoak Lowe Stoney Stretton Bagley Marsh Hollinwood Benthall Bluebell Catstree Darley Coalbrookdale Monkhopton Sleapford Cardeston Leegomery Garmston Broad Oak Medlicott Norton Great Ness Ball Upper Ludstone Prees Green Bicton Ternhill Castlegreen Callaughton Acton Pigott Hardwick Ford Heath Morda Marton Edgmond Marsh Nant y Caws Willaston Dudleston Heath (Criftins) Stretton Westwood Hawgreen Long Common Foxholes, The Weston Lullingfields Porth-y-waen Heathton Ryton Crudgington Doseley Ketley Bank Broseley Weston Stocktonwood Ditton Priors Pulverbatch Folley Overs Barnsley Onibury Pontesbury Smithies, The Lynchgate Clungunford Craig-llwyn Middleton Nantmawr Merrington Goldstone Meadowtown Hopesay Newton Horsebridge Lushcott Cound Leigh East Wall Bog, The Hortonlane Atterley Butlersbank Brockton Hopstone Lighteach Little Wenlock Rhyd-y-cwm Sheriffhales Nordley Alkington Woofferton Henlle Oldington Park Hall Crackleybank Wolverton Coalmoor Ketley Cefn Einion Gatacre Park Annscroft Bourton Chetton Forton Heath Wollerton Wood Blackoe Papermill Bank Renshaw Wood Acton Coreley Knowbury Waters Upton Oteley Ruewood Beckbury Hollywaste Hortonwood Stockton Linley Brook Wilcott Marsh Blists Hill Gadlas The Common Pentre-coed Preesgweene Tibberton Stafford Park Mardy Chipnall Coed y go Aston on Clun Pont-Faen New Invention Longslow Corner, The Isombridge Steeraway Bowling Green Styche Hall Prees Heath Rhiews Chorley Dovaston Doddington Haygate Barkers Green Radlith Angelbank Astley Strefford Turfmoor Hadley Inwood Coton Hill Broughall Lilleshall Morville Wixhill Lady Halton Argoed Little Brampton Ackleton Stanton Long Bomere Heath Kempton Cwm Head Brownheath Trefonen Cleehill Lower Hayton Melverley Green Lee Preston Brockhurst Knowle The Sydnall Hatton Walkmills Lower Frankton Hinwood Hifnal Waterloo Longnor Steventon Harlescott Churchtown Beckjay Walton Eardiston Lyneal Wood Baschurch Hindford Ruyton-XI-Towns Wooton Chetwynd Aston Cheney Longville Colemore Green Easthope Old Woodhouses St Martin's Moor Abbey Green Mose Buildwas Pave Lane Red Lake Upper Longwood Longden Common Prees Lower Heath Newbridge Little Common Little Wytheford Hillend Ironbridge High Green Myddlewood Harton Donnington Wood Bitterley Long Oak Churchmoor Rough High Town Cross Houses Hungryhatton Edgmond Aston Whatmore Willstone Presthope Willey Wistanstow Barrow Heathcote Tugford Upper Aston Cheswell Fitz Tilley Brockton Lane's End Booleybank Westhope Kynaston Felhampton Cleemarsh Church Stretton Moreton Say Pulley Betchcott Chelmarsh Bache Corfton Bache Sutton Hall Eudon Burnell Rhewl Haughton Craven Arms Bratton Hughley Much Wenlock Vennington Meeson Llawnt Beambridge Hartsgreen Shakeford Hampton Bank Whitehaven Woolston Hinstock Church Pulverbatch Burcote Moretonwood Brookhampton Meole Brace Balmer Heath Bushmoor Chatford Wistanswick Argoed Ash Magna Leaton Whitchurch Ebreywood Ryebank Cardington Hopton Castle Ollerton Lane Adderley Plaish Hoptonbank Pontesbury Hill Spurtree Walford Heath Pant Tong Bridges Stanlow West Felton Burwarton Rodington Foxwood Pentre Lostford Holdgate Oswestry/Croeswallt Brynore Stoke Heath Spunhill Weston Leamoor Common Betton Ratlinghope Little Ryton Cleedownton Montford Rhoswiel Harnage Stottesdon Hallon Sandford Lipley Brockton Overton Fron Acton Reynald Whettleton Norton in Hales Grimpo Longden Wollaston Sambrook Wombridge Weston Rhyn Grove, The Linley Oldfield Lower Dinchope Cold Hatton Woundale Choulton Edgebolton Causewaywood Arleston Rednal Nash Bromlow Crowsnest Eyton on Severn Cockshutford Lower Netchwood Standford Bridge Calverhall Bromley Romsley Bankshead Abdon Grove, The Snitton Hook-a-gate Upton Magna Great Sutton Plowden Lower Forge Twitchen Mill Green Berrington Stanley Green Chirbury Rhosygadfa The Wood Westley Kingsnordley Welsh Frankton Wettles Lea Deuxhill Rushbury Great Bolas Wollerton Clun Kingsland Wyke Linley Wheathall Brownhills Llanyblodwel Seifton Cluddley Tyn-y-coed Hartlebury Edge Kenwick Atcham Shawbirch Longdon on Tern Exfords Green Apley Forge Glynmorlas New Marton Burlton Wrockwardine Wood Eaton Mascott Market Drayton Westcott Lyde Hoptongate Poynton Draycott Arscott Long Lane Hatton Grange Hope Bowdler Halford Upper Hayton Cotwall Hordley Woodhill Bicton Heath Newnes Waterside Vron Gate Sheet Wellington Daywall Craignant Priors Halton Norton Sutton Randlay Lower Common Grindley Brook Besford Stapleton Turleygreen Prescott Shoot Hill Rockgreen Upper Hengoed Uppington Twyford Blackmore Aldon Wheathill Meeson Heath Condover Cobscot Church Aston Newstreet Lane Coptiviney Calcott Pontesford Maesbrook Copthorne English Frankton Eaton upon Tern Balmer Tuckhill Higher Ridge Aston Pigott Shipley Acton Burnell The Marsh Platt Lane Obley Sodylt Bank Uffington Bulkeley Hall Knockin Hobarris Comley Yeaton Little Worthen Yorton Asterton Creamore Bank Weston Heath Osbaston Badger Rowton Patton Whitton Church Preen Cabin Pentiken Wrockwardine Pen-y-Bryn Derrington Cold Hatton Heath Batchcott Lower Ridge Heath Lanes Eyton upon the Weald Moors Fenn Green Boraston Dale Rorrington Alderton Cwm Rushton Upton Cressett Aston Botterell Stokegorse Waymills The Wood St Martin's Ellerton Coton Great Wytheford Newport Quatt Eyton Wotherton Ash Parva Upper Affcot Cherry Orchard Treflach Neenton Sascott Enchmarsh Prees Leebotwood Albrighton Wrentnall Crossgreen Hanwood Bank Alveley Welshampton Weston Puleston Priorslee Morville Heath Llwyn Longnor Park Petton Loughton Spoonleygate Birdsgreen Quina Brook Eyton Lower Ledwyche Spring Gdns Malinslee Donnington Town Park Frankwell Rodway Rowley Gravelhill Llynclys Handless Cleobury North Stanford Lilyhurst Stoke on Tern Broomfields Brookside Eaton Shotatton Peatonstrand Little Lyth Myddle Wall under Heywood Whittington Preston Neen Savage Glazeley Shrewsbury Brownhill Queen's Head Kenley The Waterwheel Castle Fields Kynnersley Tasley Cornbrook Haybridge Croesau Bach Aston Munslow Yorton Heath Newtown Stirchley Wern Farlow Rowton Telford Cleeton St Mary Rudge Heath Halesfield Ifton Heath Lightwood Dawley Wood Lane Upper Farmcote Mardu Hanwood Leaton Heath Hungerford Clee St Margaret Bromley Sytch Ho Green Kemberton Ladywood Lee Brockhurst Bryn Walkmill Gronwen Basford Netherton Wyken Bayston Hill Longford Bilmarsh Kinlet Chavel Middleton Bromfield Wall Bank Mainstone Northwood Cherrington Oaks The Rock Broadoak Ditherington Madeleywood Ladyoak Cockshutt The Wyke Redwith Silvington Claverley Marton Reabrook Broome Great Lyth Burwood Eudon George Hodnetheath Hollinswood Somerwood Horsehay Homer Chadwell Pen-y-wern Hope, The Mile Oak Bettws-y-crwyn Fauls Middleton Priors Ponthen Chirk Bank Bache Mill Longville in the Dale Coundlane Broome Whiston Cross Paddolgreen Acton Scott Ashford Carbonell Rosehill Lubberland Ladywell Kenwick Park Smethcott Hints Underton Knockin Heath Tilstock Ellesmere Lydham Green, The Woolstaston Plasau Farden Valeswood Gravel Hole Shackerley Upper Cound Lower Faintree Lightwood Colebatch Westonwharf Yeld, The Pentirvin Lower Hopton Forton Rudge Pipe Gate Mytton Ightfield Haughton Danesford Hodnet Llanllwyd Pentre Hodre Tong Norton Sibdon Carwood Ellerdine Leighton Steel Heath Redhill Six Ashes Perthy The Nook Preston Gubbals Nether Skyborry Ludstone The Quarry Kinton Melverley Monkmoor Roden Snittongate Burley Bolas Heath Wilcott Hopton Cangeford Wem Eaton Prescott Halfway House Nedge Hill Pentreheyling Cross Lane Head Bouldon Radmoor Bletchley Tarts Hill Rushmoor Acton Round Aston Babbinswood Cockshutt Stockton Albrighton Westoncommon Lower Down Ruthall Broad Lanes Wootton Knowlegate Quabbs Hilton Little Soudley Brockton Anchor Coppicegate Crowgreaves Llanfair Waterdine Sutton Maddock Diddlebury Stanmore High Hatton Plealey Old Marton Corfton Dunnsheath Allscott Howle Darliston Pentre-clawdd Gretton Selattyn Crickmery Dhustone Minton Haybridge Billingsley The Hem Alberbury Charlton Hope Park Walton Coalport Prees Wood Maesbury Marsh Shorthill Little Stretton Gravelsbank Habberley Haughton Islington Newton on the Hill Brockton Nox Haughton Three Ashes Little Ness Skyborry Green Little London Walford