Once VAT registered, a business files regular VAT returns reporting the VAT charged on sales and the VAT paid on purchases, paying HMRC the difference or claiming a refund.
1. Keep Digital VAT Records
Most VAT-registered businesses must keep records and file returns digitally under Making Tax Digital rules.
2. Total Output and Input VAT
For each VAT period, total the VAT charged (output) and VAT paid (input) to calculate what's owed or reclaimable.
3. Submit and Pay
VAT returns are generally filed quarterly, with payment due by the same deadline as the return itself.
This guide provides general information only. It's worth confirming your specific VAT period and deadlines with HMRC or your accountant.