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VAT returns Services in UK

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A VAT return is a form that a company must file with HMRC, usually every three months. A complete VAT return shows either money owed to HMRC or whether a company is due a refund. Once a business conduct sale of more than £85,000 then they must have to registered for VAT. Companies can also register for VAT voluntarily below this threshold. The VAT return shows the details of your output VAT (the VAT you charged on sales) and input VAT (the VAT you have paid and can reclaim). If the input VAT exceeds from output VAT, then HMRC will repay you the difference.
Trade Safely! It is safer when you trade locally, you see the goods before paying. Avoid using payment / transfer methods such as Western Union, this is the same as sending cash to someone. See our Trade Safely page for more information on trading safely.

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