VAT Returns

VAT Return Services
Does your business need help with VAT returns?
At Uptax, we specialise in calculating and filing VAT for businesses of all sizes.

Who Needs to Follow VAT Rules?
VAT (Value Added Tax) applies to businesses with a taxable turnover exceeding £85,000 in a 12-month rolling period. This includes both Limited Companies and Sole Traders. VAT rules are complex and frequently updated.

What Records Do I Need to Keep?
HMRC may request your VAT records during an inspection. These records should be up-to-date and readily available. Ensure you have supporting evidence for all data included in your VAT returns and that it aligns with your accounting records.

What is Making Tax Digital (MTD)?
Making Tax Digital (MTD) is an HMRC initiative that digitises and automates tax records and submissions. Businesses with turnovers above £85,000 must now digitally record and submit VAT returns online.

Why Choose Uptax for VAT Accounting?
VAT calculations and record-keeping are time-consuming and complex. Some goods and services are VAT-exempt, and incorrect rates can lead to fines and owed VAT.
Our knowledgeable accountants handle VAT daily and stay updated on changing regulations. We provide specific VAT treatment advice for your business and ensure full compliance.