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Taxes :: VAT
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Businesses and charging VAT
Contents - How VAT works - VAT rates - What you must do when charging - - VAT - VAT-inclusive and exclusive prices - When not to charge VAT - Charging VAT to charities - Returned goods - Discounts and free gifts - Providing services to EU businesses
Log in to use VAT online services
Log in to your HM Revenue and Customs (HMRC) online account to submit your VAT Return. You can also view your VAT account and access other VAT online services.
Pay your VAT bill
You’ll usually need to pay your VAT bill by the deadline shown on your VAT return.
Reclaiming VAT
Contents - What you can and can’t reclaim - Vehicles and fuel costs - Staff travel
VAT Returns
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.’
VAT registration
You must register for VAT with HM Revenue and Customs (HMRC) if your business’ VAT taxable turnover is more than £85,000.
VAT registration thresholds
The thresholds for registering for VAT or joining a VAT accounting scheme from 1 April 2017.
VAT Annual Accounting Scheme
With the Annual Accounting Scheme you: - make advance VAT payments towards your VAT bill - based on your last return (or estimated if you’re new to VAT) - submit 1 VAT Return a year
VAT Flat Rate Scheme
With the Flat Rate Scheme: - you pay a fixed rate of VAT to HMRC - you keep the difference between what you charge your customers and pay to HMRC - you can’t reclaim the VAT on your purchases - except for certain capital assets over £2,000
VAT payment deadline calculator
Work out the VAT payment deadline for your accounting period.
VAT when you sell a vehicle
VAT-registered businesses can use this tool to work out what VAT to charge when selling a vehicle.
Work out your VAT fuel scale charge
You can use fuel scale charges to work out how much VAT to pay back on fuel if you use a business car for private purposes. This means you do not have to keep detailed mileage records.
