Professional VAT Returns in Gundenham

Get in touch

VAT Return Accountants in Gundenham

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 TA21 0

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 Gundenham (Somerset)

Get in touch

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


Skip to

Gallery

Other locations available for professional vat returns
Stamborough Lilstock Charlton Horethorne Dundon Whiteway Barton St David Kelston Strode Ludney Bonson Beam Bridge Locking White Ox Mead East End Rickford Shoscombe Shiplate Isle Abbotts Brean Sandford Batch Chilcompton Rapps Heale Barrow Gurney White Cross Leighland Chapel Pightley Muchelney Ham Cricket Malherbie Parchey Polsham Wick Kingsway Hardington Bourne Huntstile Battleton West Leigh Holway Kibbear Duddlestone Toulton Lattiford Clarence Park Selworthy Lower Burrow Rowford Barrow North End Sherborne Buckland Down Allerford Ditcheat Fordgate South Cheriton East Clevedon Kingsbury Episcopi Cutcombe Alvington Lower Milton Higher Burrow Witcombe North Petherton Five Bells Adsborough Keinton Mandeville North Wick Rode Durnfield West Compton Upton Old Way Swell Puriton Langridge Barton Shopnoller Westonzoyland Sutton Mallet Abbas Combe North Coker North Weston Spaxton Faulkland East Combe Dundon Hayes North Widcombe Screedy Pickney Peasedown St John Watergore Hatch Beauchamp Overleigh Chelston Heathfield West Harptree Hastings Southtown Knole Hemington Coombe Yarley Blackmoor Mudford Sock Sea Southwick Rolstone Walton Frome Stogumber Marsh Street Ruishton Little Green Charlton Badger Street Wadeford Yarlington West Stoke New Town Coley Long Load Wick St Lawrence North Town Knowle Clays End Purn Dinnington Midford Holywell Heale West Newton Vellow Fitzhead Mid Lambrook Haselbury Plucknett Kittisford Canonsgrove Writhlington Upper Langford Yarford Chiselborough Woolston Holcombe Lower Vexford Thurloxton Tarnock West Town Hadspen Perry Green Theale Blackwell Blagdon Willand Badgworth Baltonsborough Whitefield Rodhuish Parbrook Upper Westholme Ilminster Bishop's Hull Wrantage Wreath Galmington Pyrland Yenston Cheddar Wonderstone Steart Uphill Manor White Gate Hale Coombe Holywell Lake Stone-edge Batch Limington Capland Northmoor Corner Hatch Green Brockwell Bussex Field Old Down Haygrass Bradley Green Curland West Hill Langford Edithmead Three Ashes Ash Little Hill Comeytrowe St Georges Norton Fitzwarren Radford Wellsprings Bathampton Ham Vobster Godney Discove Huxham Green Rook's Nest Kingsdon Alder Row Allowenshay Redhill Camerton Fox Hill Heathfield Highridge Long Ashton Mark Causeway Milverton Lympsham Watchet Burnworthy Nailsea Regil Bossington Ford Radstock Odcombe Blindmoor Martock High Ham Henlade Lyatts Webbington Nailsbourne Chapel Leigh Weston Bampfylde Compass Combwich Moor Bagley Green North Batsom Priest Down Upper Stanton Drew Brushford Heathfield Biscombe Bedlam East Rolstone Langford Budville Seavington St Mary North Wootton Cross Thorne Coffin North Perrott Castle Cary Knowle St Giles Small Way Moorledge Upper Godney Panborough Yarrow East Stoke Cockwood Kingston St Mary Wambrook Horsington Middletown Litton Lyngford Ham Street Ansford Upper Canada Pear Ash Nye Hawkcombe East Brent West End Treble's Holford Old Ditch Beacon Hill Foddington Easton-in-Gordano Crowcombe West Coker Stonebridge Portway Puddlebridge Coxley Wick Middle Stoford Gold's Cross Alstone Preston Plucknett Stawley Knightcott Blagdon Hill Trull Montacute Hinton Blewett Simonsbath West Howetown Galhampton Sandford Hill End West Lyng Sidcot Icelton Over Stratton Felton Combe Down Holman Clavel Little London Rodney Stoke West Stoughton Houndsmoor Windwhistle Stowey Hollands Ruggin Rockwell Green East Quantoxhead East Town Iwood Claverton Woollard Sawyer's Hill Doniford Staple Lawns Barrow Common Weston-super-Mare Dunkerton Timsbury Lower Langford Gothelney Green Whitecross Weacombe Thornfalcon Priorswood Holly Brook Bicknoller Holton Woolley Mare Green Cloford Common Wayford Sampford Arundel Borough Post Downside Purtington Shoreditch Snails Hill Edgcott Tivington Knowle Woodford Bath Hill Corner Biddisham Clevedon Courtway Worthy Christon Higher Street Norton St Philip Rich's Holford Lower Westholme Terhill Street Callow Hill Pepper Hill Elliots Green Greenway Gundenham Longstone Paintmoor Skilgate Saltford Andersfield Haydon Moorlinch Upper Coxley Melcombe Hockholler Green East Town Thorney Bare Ash Pendomer Whitchurch Maperton Nailwell Charlcombe Wiveliscombe Halse Chelvey Batch Carhampton Wicklane Bradford-on-Tone Yeovilton Curload White Hill Buscott Cowbridge Dunster West Lambrook Sheepway Lower Marsh Clapton in Gordano Ley Elworthy Chipley Little Weston Upper Weston Howley Henton Northover Lovington Stock Critchill Bloomfield Twinhoe Dundry Midway Neighbourne Nimmer Tivington Wedmore Bason Bridge Hurcott Langport Beckery Hinton St George Wells West Mudford Monksilver Littleton Luccombe Batheaston Bowdens Street Ash Sutton Montis Woolavington Sutton Wick Willhayne Southdown Plot Street Burrowbridge Bulls Green Bagley Burrow Wilkin Throop Ilford Cleeve Merriott Lower Swainswick Chard Junction Newton St Loe West Luccombe Westfield Lydmarsh Lydford Fair Place Whitnell Somerton Stoke St Mary West Bagborough Helland Portbury Lower Wraxall Blackrock Pitcombe West Chinnock Howleigh Larkhall Combe Hay Misterton Stocklinch Charlton Stockwood Vale Bathwick Tyning Sticklepath Clewer Bathpool North Cheriton Stembridge Winford Kingston Seymour Horn Hill Clatworthy Burcott Hillcommon Bowlish The Common Farmborough Milton Clevedon Englishcombe Alston Sutton Willett Ridge Knoll Green Oldford Henstridge Glastonbury Higher Holton Capton Lower Canada East Water Corston East Nynehead Highway Withybrook May's Green Sharpstone Langley Lopen Honey Hall Axbridge Fowler's Plot East Lyng Rudge Woolston Shipham Knighton Green Parlour The Wrangle Pleamore Cross Elborough Lower Odcombe Whitcombe Porlock Weir Tolland Beardly Batch Bawdrip Egford Laverton Aisholt North Court Thurlbear Shoscombe Vale Wiltown Brandish Street Hinton Coxbridge West Woodlands Tadhill Newbury Thorne St Margaret Newtown Batcombe Netherclay East Street Easton Town Middle Stoughton Carlingcott Maundown Hardington Mandeville Walford Wigborough Maiden Head Othery Nethercott Tracebridge Walcot Ashcott Corner Chewton Keynsham Thorngrove Cotford St Luke Birchwood Ham Green Runnington Ashton Mark Wrangway Hele Cannard's Grave Greyfield Towerhead Holnicote Durston Luckwell Bridge Tacker Street Down End Catcott Catsgore Dinder Brookhampton Silver Street Atherstone Broadway South Stoke Corton Denham Kingswood East Compton Sampford Moor Huntham Dowlish Wake Bradley Cross Angersleigh Wagg Bishops Lydeard Norton Hawkfield Redlane Withycombe Burnham-on-Sea Tintinhull Chilcombe Upper Milton Hockholler Hembridge North Brewham Wilkinthroop Woolvers Hill Tunley Worlebury Heaven's Door Weston Park Withypool Bridge Kenny Stoughton Cross Charlton Musgrove East Horrington Compton Bishop Asney Four Foot Beckington Pitminster Washford Goosenford Kilton Brompton Regis Havyatt Knott Oak Poole Bury Vole Kenn Moor Gate Seven Ash Little Keyford Lansdown Sampford Brett West Horrington Wanstrow Doulting Upper Vobster Cote West Lydford Backwell Green Barrow Vale Greinton Littleton Cutler's Green Withial Single Hill Eastertown Vagg Hewish Alford Upton Bratton Seymour Parkway Holwell Stringston Exton Ston Easton Wellow White Cross Weare Ash Halcon Pawlett Lower Weston Chelynch Bower Hinton Stapleton Gurney Slade Nyland Woodspring Priory Cannington Up Mudford Tickenham West Camel Pict's Hill Cad Green Cranmore Wraxall Hardway Clapton Charlton Adam North Town Langford Green Lower Whatley Higher Wambrook Hamp Rooks Bridge Allerford Kingsbury Regis Clandown Queen Charlton Isle Brewers Sandylands Ashill Chedzoy Cucklington Stanton Prior Langley Marsh Huish Champflower Woodram Breach Hunstrete Pitcot Sidbrook Staplehay Bradney Leighton Rowbarton East Bower Nether Stowey Blackford Shearston Huish Episcopi Claverton Down Beard Hill Dowslands Fenny Castle Brindham Tuckerton Codsend Whatley Feltham Houndstone Whitney Bottom Walton St Mary Draycott Coppleham Woolmersdon Chilson Bridgetown Downhead Blackmoor Hewish Norton Sub Hamdon Royston Water Fulwood East End Hobbs Wall Ashcombe Park Combe South Brewham Wick Wearne Lamyatt Chelvey East End Chantry Thicket Mead Pond Close East Lambrook Kilmersdon Watchfield West Porlock Clavelshay Midelney Somerton Hill Wickham's Cross North Cadbury Williton Compton Dando Cholwell Forton Sion Hill Mells Green Penselwood Ammerham Ashgrove Priston Lyng Sydenham Westford Woodcombe Four Forks Lullington Fiddington Banwell Kingdown Locksbrook Fulford Bilbrook Hedging Yeovil Marsh Athelney West Town East Chinnock Hardington Moor Tonedale Edford Liney Tellisford Monkton Combe Easton Huntspill Huntworth Horton Cross Curland Common Congresbury Oake Green Moorland or Northmoor Green Wembdon Babcary Poleshill Bickenhall Lodway Stoney Stratton Townsend Huntscott Beer Lower Durston Otterhampton Burlinch Innox Hill Walrow Northway Keynsham East Huntspill Primrose Hill Walpole Compton Common Higher Chillington Lawford Claverham Steanbow Burrington Thrupe Coombses Ham Kilve Norton Hill Portland Cothelstone West Pennard Halsway West Hatch Benter Chard White Cross Cricket St Thomas Wheddon Cross Higher Alham Low Ham Blue Anchor Brompton Ralph North Curry West Hewish Henley Queen Camel Upper Cheddon Daw's Green Lower Roadwater Stogursey Chilton Polden Pooltown Ridgeway Hoccombe East Harptree South Twerton Hornblotton Lye Cross Hurcott Marsh Mills Sellick's Green Limpley Stoke Lower Weacombe Warleigh East Dundry Norton Malreward Raddington Nedge Hill Woodhill Draycott Clutton Greylake Bridgwater Rode Hill Green Ore Ashwell Splatt Meadgate Upper Fivehead Sweethay Rackley Southwood Combe Florey New Town Southway Batten's Green Tatworth Nettlecombe Winsham Higher Durston Cushuish Pen Mill Wheathill Northmoor Green or Moorland Lower Weare Yeabridge Merriottsford Amesbury New England Perry Street North Newton Milborne Wick South Barrow Stoke St Gregory Bleadon Stoford Marksbury Lambridge Charterhouse St Catherine Clanville Golsoncott Luxborough Burnett Stout Greenham Farrington Gurney Bishopswood Old Cleeve Westowe Eyewell Beechen Cliff Plaster's Green Butleigh Stoke Sub Hamdon Lottisham Porlock Odd Down Chelston Piltown Northover Creech Heathfield Seavington St Michael Lower Knapp Edbrook Escott Tyntesfield Lusty Stone Chew Stoke Woodlands Doverhay Lower Merridge Yatton Fennington Pibsbury Durleigh Orchard Portman Upcott Stoney Stoke Chaffcombe Staplegrove Northfield Stockland Bristol Wellisford Washbrook Wick Emborough Upper Swainswick Brinsea Tadwick Wilmington West Buckland Cowslip Green Longhouse Alcombe Templecombe Haymoor End East Coker Pitney Bathford Redcliffe Bay Middle Bridge Sutton Marshall's Elm Stanton Wick Lydford-on-Fosse Pecking Mill Kewstoke East Pennard Temple Cloud Northay Ilton Bayford Barrow East End Coursley Street Dulverton Chesterblade Stockwitch Cross Drayton Chidgley Hutton Nynehead Bathway Wilton Clapton Westham Ellicombe Ashbeer Butleigh Wootton Shapwick Backwell South Cadbury Closworth Berkley Marsh Hare Portishead Brympton D'Evercy Stratton-on-the-Fosse Churchstanton Withy Mills Oake Coultings Broomfield Taunton Woodford Langaller Westcombe Sigwells Upper Town Herons Green Redlynch Voxmoor Nempnett Thrubwell Yanley Somerdale Weston West End Flaxpool Rush Hill Oakhill Bourton Potters Hill Spring Gardens Winsford Silver Knap Sand Star Dillington Foxcote Soho Chilson Common Withycombe Backwell Common St Michael Church Triscombe Chilton Cantelo Dimmer Rockley Ford Havyatt Green Urgashay Brockley Hackness Pipehouse Perrymead Charlton Mackrell Horsey Leigh Common Bindon Hornsbury Berhill Weston Town Norton's Wood Hicks Gate Higher Town Dunwear Wales Lower Marston Milborne Port Oxenpill Brent Knoll High Littleton Loxton Belluton Little Load Frost Hill Shawford Twerton Adscombe Cudworth Burford Holford Clayhanger Hurst Shurton Stoke St Michael Higher Vexford Churchill Pinksmoor Walcombe Woolminstone Broadshard Crickham Winterhay Green Oath Tyning Darshill Northend Witham Friary Newton Blatchbridge Beetham Lower Failand New Town North Stoke Flax Bourton Enmore Rumwell Dyche Stretcholt Budleigh Street on the Fosse Hardington Marsh Bishop Sutton Lowton Britten's Sparkford South Widcombe West Shepton Downhead Worle Slape Cross Hythe Wall Mead Westhay Laverley Failand Rock Downside Barrington Pudleigh Rimpton Summerlands Appley Nettlebridge Middle Chinnock Langham Rhode Dommett Wootton Courtenay Chapel Cleeve Creech St Michael Walton in Gordano North End Burton Rodway Keenthorne Crock Street Dulcote Listock Ashington Scrapton Minehead East Cranmore Wookey Hole Henstridge Bowden Horsecastle Hounsley Batch New Buildings Preston Bowyer Coombe Norton Catsham Speckington Pensford Priddy Corfe Puckington Newport Barlake Moolham Muchelney Curry Mallet Monkton Heathfield Cheddon Fitzpaine Redlands Shepton Montague Launcherley Combe St Nicholas Edgarley Edingworth Oare Brockham End Buckland St Mary Bankland Ashcott Peasmarsh Tucking Mill Aley Cameley Pill Portway Haybridge Keward Wood Pound Sticklinch Berkley Yeovil Rodgrove South Petherton Weston in Gordano Stewley Townsend Paulton Park Town's End West Huntspill Blackford East Lydford Park End Westbury-sub-Mendip Churchill Green Pilton West Monkton Welton Leigh upon Mendip Wyke Champflower Dodington Lynch Latcham Ham Hartswell South Down Southmarsh Ilchester Mead Cocklake Ash Priors Yarde Frieze Hill Drayton Wincanton Berkley Down Stone Allerton Chilton Trinity Butcombe Marston Magna Hambridge Lower Stratton Uphill Heale Stapley Greylake Fosse Oareford South Chard Churchinford North Barrow Stony Littleton Buckland Dinham Blackwater Stowell Middlezoy Whatley Mearns New Town Horton Wookey Fairfield Park Pathe Waterlip Roundham Milton Charlton Dolemeads Castle Goathurst Langford Stawell Park Corner Nunney Catch Double Hill East Hewish Mudford Staple Fitzpaine South Hill Bruton Worminster Lulsgate Bottom West Town Chardleigh Green Widcombe Poyntington Ashwick Cloford Winterhead Burrow Gupworthy Heath House Alhampton Batch Dinghurst Abbots Leigh Higher Marsh Rotcombe West Quantoxhead Chapel Allerton Sparrow Hill Whitelackington Bincombe Hillfarrance Crewkerne Chelwood Kingweston Treborough Stolford Trudoxhill Prestleigh Dowlish Ford Coxley Pawlett Hill Exford Handy Cross East Lydeard Mells Ebdon Publow Blackford Udley Westport The Oval Compton Pauncefoot Amitabha Buddhist Centre Barwick Plot Gate Great Elm Hawkridge Porlockford Beercrocombe Eastbrook Slough Green Silver Street Newtown Cole Roughmoor Mudgley Nash Chalkway Northwick Dipford Leigh Woods Stanton Drew Croscombe Woodlands Middle Green Crimchard Binegar Podimore Wrington Lipyeate New Town Waterrow Hale Ilchester Eastover Compton Dundon Churchtown Furnham Kenn Rowberrow Sherford Farleigh Wraxall Riding Gate Combe Throop Ashbrittle Horner Link Southay Keyford Knapp Inglesbatch Tone Green Edington Ford Street Bratton Oldfield Park Donyatt Plainsfield Wellington Cambridge Batch Berrow Blackmoor Pedwell Henstridge Marsh Winterfield Midsomer Norton Chillington Lufton Kingstone West Bradley Radlet Gotton Whitestaunton Highbury Timberscombe Lansdown Chew Magna Aller Cossington Portfield White Ball Withyditch Coleford Kingsbridge Compton Durville Hapsford Bailbrook Torre Stileway Oldmixon Windmill Hill Nythe Shepton Mallet Compton Martin Lopen Head Greendown Hallatrow Milton Hornblotton Green Winscombe Outwood Otterford Meare Green West End Woodhill Burtle Hill Sticklepath Burton Cockhill West Wick Middle Burnham Lower Woolston Steart Girt Downside Upper Littleton Puxton Bodden Stoke Trister Winter Well Bathealton Meare Bridgehampton Lower Aisholt Clutton Hill North End Chilthorne Domer Evercreech Marston Gate Ford Henstridge Ash Bloomfield Worth Chewton Mendip Bleadney Payton Shepton Beauchamp Ubley Bramwell Coat Haydon Lydeard St Lawrence Lower Godney Hartford Andersea Yarberry Ham Southtown Welham West Hill Hillend Pyleigh Tytherington Pitsford Hill Charlynch Burtle Weekmoor Merridge Friarn Coleford Water Lillesdon Beggearn Huish Bickham West Yeo Periton Stathe New Cross East Woodlands Fivehead Marston Bigot Curry Rivel Lye Hole Fyfett Long Sutton Hollow Brook Hungerford Nunney Standerwick Way Wick Cary Fitzpaine Shalford Hinton Charterhouse Little Norton Fromefield Chipstable Tone Roadwater Whitchurch St Decumans Withiel Florey Woolverton Dunball Sutton Bingham Upton Noble Chelmsine Haydon Highbridge Over Stowey Cuttiford's Door Farleigh Hungerford Pylle Barr Northgate Westcombe Newbridge