Vat Return Services
April 17, 2023 ⚊ 1 Min read ⚊ Views 88 ⚊ FINANCE
A VAT return is a form that a company must file with HMRC, usually every three months. A complete VAT return shows either money owed to HMRC or whether a company is due a refund. Once a business conduct sale of more than £85,000 then it must have registered for VAT. Companies can also register for VAT voluntarily below this threshold. The VAT return shows the details of your output VAT (the VAT you charged on sales) and input VAT (the VAT you have paid and can reclaim). If the input VAT exceeds from output VAT, then HMRC will repay you the difference.
Read details: https://account-ease.co.uk/vat-return-services-in-uk/
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