There are various ways to pay your VAT return and different dates for payment.
You usually pay the VAT you owe by the deadline shown on your VAT return.
There can be different deadlines, however, and sometimes it’s difficult to know which one applies to you.
It may be that you use the Annual Accounting Scheme or payments on account or that you are registered for VAT MOSS and you will need to know when these payments are due.
We can help you with this to make sure that you never miss a deadline and never receive a penalty.
There are various ways to pay your VAT and HMRC has a VAT deadline calculator to work out how much time you need to allow for each method of payment to reach HMRC by the deadline.
The simplest way to ensure that you never miss a deadline is to set up payment by direct debit. That way HMRC collects the VAT due on the date it becomes due and you don’t have to worry about it.
We can help you to set up a direct debit. For information on this or any VAT concerns, why not give us a call?
I work with Val and beyond the Numbers, because they are exactly that..more than just the numbers. They work hard to understand my business, understand the business needs that are unique to me. They then shape the support and service around those needs.
What I particularly like is that they are up for doing all sorts of support, from basic book-keeping, through to strategic challenge and insight. Trusted partners.
Martin Ewart, Bigwheel Leadership Ltd
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