You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as your ‘accounting period.’
The deadline for submitting the return online and paying HMRC is usually the same - 1 calendar month and 7 days after the end of an accounting period. If this is your first time claim VAT Return, you will find the due date in HMRC letter.
You can pay VAT to HMRC electronically, eg through direct debit or internet banking. You can make the payment either from a UK bank account or from an overseas one.
The above information and calculations are for illustrative purposes only. No liability is accepted by O’Brien S & Co Ltd for any actions or losses from investment in reliance on the information and calculations. Consult a qualified professional financial advisor before making any financial decisions. O’Brien S & Co Ltd holds the copyrights in all materials on the website. All rights reserved.