The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of how VAT registered businesses will need to pay VAT and the procedure that needs to be followed in order to obtain a VAT refund.
Please see the Guide to completing a UK VAT return, Guide to completing a UK VAT return for businesses using the Flat Rate Scheme and Submitting online VAT returns guidance notes for more information on how to complete and submit a VAT return.
The VAT return and any payment due must reach HMRC by the due date stated on the return. This will be, for a normal return:
Businesses can check the payment deadline using the payment deadline calculator provided by HMRC.
Please note that if the amount of VAT due to HMRC is less than £1, then the business is not required to remit the payment. The amount should be carried forward to the next return.
Businesses must use one of the following methods to pay the VAT due to HMRC:
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