Guide to completing a UK VAT return

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides information on the contents of a UK VAT return. Information on completing a VAT return for businesses using the flat rate scheme is included in the Flat rate scheme (FRS) ― operating the scheme guidance note.

Box 1: VAT due on sales and other outputs

This is the total amount of VAT charged on goods and services in the return period. (See the Time of supply — overview guidance note)

Businesses should ensure they include VAT payable to HMRC for certain supplies which may be made outside their core business such as:

•
VAT due in the period on imports accounted for through postponed accounting (see the Imports ― postponed accounting for import VAT guidance note)
•
VAT on the fuel scale charge (see the Input tax ― Motoring expenses guidance note)
•
the sale of stocks and assets
•
VAT on goods taken out of the business for private use
•
VAT due under the reverse charge (eg supplies of some services from outside the

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Value Added Tax

Exporting goods ― proof of export

Exporting goods ― proof of exportIn addition to the requirements laid down in the Exporting goods ― overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more

Trusts and Inheritance Tax

Corrections and amendments to the IHT account

Corrections and amendments to the IHT accountThis guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first submitted to HMRC, it is based on information available at an early stage of the

14 Jul 2020 11:20 | Produced by Tolley Read more

Owner-Managed Businesses

Interest on late paid tax

Interest on late paid taxIntroductionInterest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct amount of tax been paid at the right time.Harmonised legislation was introduced in 2009 to:•set statutory

14 Jul 2020 12:00 | Produced by Tolley in association with Philip Rutherford Read more

Guide to completing a UK VAT return

Guide to completing a UK VAT return