It is compulsory for a VAT Registered business to file VAT Returns. This is done normally on a quarterly basis, but there are cases where you can request to file returns on a monthly basis.

The scheme most used is the Standard VAT Accounting Scheme, but it is possible to register your business under the Cash VAT Accounting Scheme or the FLAT Rate Scheme.

Details of these schemes and their suitability can be found on the Customs and Excise Website.

VAT Audit Reports SAGE Instant Accounts includes a full suite of reports to help you to prepare for a VAT inspection. VAT Return Submission When you post transactions into SAGE Instant Accounts, the VAT is automatically calculated for you. Producing a VAT return is also made easy, as the SAGE Instant Accounts window looks like the VAT Return form you submit to your tax authority.

web design free templates web site templates It is compulsory for a VAT registered Company to file VAT Returns.