VAT Returns

Stay compliant, avoid penalties, and streamline your VAT returns

What Are Company VAT Returns?

A VAT return is a regular submission to HMRC that shows how much VAT your business has charged and how much it has paid. If your business is VAT-registered (earning more than the current VAT threshold), you’re legally required to submit VAT returns — usually quarterly.

The VAT return calculates whether you owe HMRC money or are due a VAT refund. Accurate and timely submissions are crucial to avoid fines, errors, or cash flow issues.

At The Funding Group, we help businesses simplify their VAT return process, ensure full compliance with Making Tax Digital (MTD), and manage cash flow around VAT deadlines with tailored funding solutions.

Types of VAT Schemes & Return Methods

We support all major VAT schemes, including:

Standard VAT Accounting

  • Submit VAT returns quarterly

  • Reclaim VAT on purchases and pay VAT on sales

Flat Rate Scheme

  • Pay a fixed percentage of turnover

  • Simpler for small businesses with limited VAT reclaims

Annual Accounting Scheme

  • Submit one VAT return per year

  • Pay VAT in advance in monthly or quarterly instalments

Cash Accounting Scheme

  • Pay VAT only when customers pay you

  • Helps with cash flow management

Our team ensures your VAT returns are submitted accurately, on time, and in line with the correct scheme for your business.

Typical VAT Return Requirements

When submitting your VAT return, you’ll need to report:

  • Total sales and purchases including VAT

  • VAT you owe to HMRC (output tax)

  • VAT you can reclaim (input tax)

  • Total amount payable or refundable

  • Adjustments or corrections

  • Digital records in MTD-compliant software

We work with your accountant or bookkeeper, or manage the full return process for you, depending on your needs.

Who Needs to Submit VAT Returns?

You must submit VAT returns if:

  • Your taxable turnover exceeds the VAT threshold (£90,000 as of 2024)

  • You have voluntarily registered for VAT

  • You’re part of a VAT group or overseas business operating in the UK

  • You use VAT as part of a tax-efficient business structure

Even if no VAT is due, returns must still be submitted on time.

Benefits of Outsourcing VAT Return Management

  • Avoid HMRC penalties and interest charges

  • Reduce admin and ensure full compliance

  • Access expert advice on reclaiming VAT

  • Stay up to date with VAT law and MTD changes

  • Optimise your cash flow around VAT liabilities

  • Bundle with VAT loans or working capital support if needed

Our goal is to make VAT one less thing you have to worry about — so you can focus on running your business.

Need Help With VAT Returns?

Whether you're struggling with Making Tax Digital, need help reclaiming VAT, or want a funding solution to cover a VAT bill, The Funding Group is here to help.

We provide fast, professional VAT return support and short-term VAT finance solutions — ideal for businesses looking to stay compliant and cash flow positive.

Contact us today for a free VAT return review or to explore funding options.