Managing VAT can be complex, but with London Accountancy Hub on your side, it doesn’t have to be. Our dedicated VAT services are designed to help businesses of all sizes stay compliant with HMRC regulations, meet deadlines with confidence, and make the most of available VAT schemes.

Whether you’re just registering for VAT, submitting returns, or navigating industry-specific schemes, we offer complete support tailored to your needs.

What is VAT (Value Added Tax)?

Value Added Tax (VAT) is a consumption tax charged on the sale of goods and services. VAT-registered businesses are responsible for collecting VAT from customers (output VAT), paying VAT on business-related purchases (input VAT), and reporting this to HMRC through VAT returns.

VAT Filing Periods & Requirements

VAT returns are typically submitted quarterly, although monthly or annual filing may apply depending on your turnover and business model.

• Output VAT: VAT you charge on sales

• Input VAT: VAT you pay on purchases

• Deadlines: Returns and payments must be made within HMRC's deadlines to avoid interest and penalties

Our team ensures that all your VAT obligations — from accurate reporting to timely submission — are handled professionally, so you never miss a due date.

Choosing the Right VAT Scheme

Different businesses require different VAT strategies. That’s why we assess your operations and advise on the most effective scheme based on your size, structure, and cash flow needs.

We assist with:

• Standard VAT Scheme – Report VAT on every transaction

• Flat Rate Scheme (FRS) – Simplifies VAT by applying a fixed rate to turnover

• Cash Accounting Scheme – Pay VAT only when customers pay you

• Annual Accounting Scheme – One return per year with advance payments

• Margin Scheme – Used for second-hand goods, art, and antiques

• Retail Schemes – Suitable for high-volume retail operations

Our advisors will guide you in selecting and registering for the scheme that best fits your business.

Making Tax Digital (MTD) for VAT

Under HMRC’s Making Tax Digital initiative, VAT-registered businesses above the threshold must:

• Keep digital records

• Submit VAT returns using MTD-compatible software

• Follow HMRC’s specific digital filing format

We’ll ensure your business is MTD-compliant with minimal disruption. From recommending the right software to handling your digital filings, we make the transition seamless and stress-free.