VAT Returns

VAT can be complex, but we make it simple. Whether you're newly VAT-registered or managing multiple VAT rates, we ensure your returns are accurate, MTD-compliant, and submitted on time. Our knowledge of different VAT schemes helps you stay efficient - and often save money.

What’s Included in Our VAT Return Service

We provide full support for VAT-registered businesses:

Preparation and submission of VAT returns (quarterly or monthly)
Review of transactions to ensure correct VAT treatment
Digital record keeping for MTD compliance
Advice on the best VAT scheme for your business
Monitoring of VAT thresholds
Help registering or deregistering for VAT

All returns are submitted through compatible software and in line with HMRC's Making Tax Digital (MTD) rules.

VAT Schemes We Support

Choosing the right VAT scheme can impact your cash flow and admin burden. We help clients select, monitor, and manage the following schemes:

Standard VAT Accounting

Report VAT on all sales and purchases
Claim VAT back on eligible expenses
Submit quarterly VAT returns

Flat Rate Scheme (FRS)

Pay VAT as a fixed percentage of your turnover
No need to record VAT on most purchases
Often beneficial for service-based businesses

Cash Accounting Scheme

Only pay VAT when customers pay you
Helpful for businesses with slow-paying clients

Annual Accounting Scheme

One VAT return per year, with advance payments
Simplifies admin for stable businesses

We’ll assess your setup and recommend the best option to keep your VAT efficient.

Different VAT Rates – Getting It Right Matters

Many businesses deal with more than one VAT rate. We ensure the correct VAT treatment is applied to each transaction:

20% Standard Rate
5% Reduced Rate (e.g. home energy, children’s car seats)
0% Zero Rated (e.g. most food, children’s clothes)
Exempt supplies (e.g. financial services, rent)
Reverse charge rules (common in construction and B2B services)

Incorrect VAT classification can lead to overpayments, underpayments, or HMRC penalties. We help you get it right the first time.

MTD Compliance & VAT Thresholds

We ensure your business is Making Tax Digital (MTD) compliant:

Compatible bookkeeping software (Xero, QuickBooks, FreeAgent)
Digital links between records and returns
Real-time VAT insights

VAT registration threshold: £90,000 (as of April 2024)
VAT deregistration threshold: £88,000

If you're close to the threshold, we’ll monitor and advise when to register or deregister.

Why Choose JSC for VAT?

We provide hands-on VAT support with cloud-based accuracy:

Expert advice on choosing and switching VAT schemes
Full MTD setup and digital record keeping
Detailed reviews to avoid errors and reclaim everything you're due
Clear communication and on-time submissions
Support for flat rate, cash accounting, and industry-specific challenges