VAT Registration & Returns

VAT (value-added tax) is collected on a product at every stage of its production, during which value is added to it, from its initial production to the point of sale. The amount of VAT that the user pays is based on the cost of the product, less any costs of materials used in the product that has already been taxed at a previous stage. 

VAT is an indirect tax that rises in direct proportion to the rate of consumption. It’s an incremental tax placed on every product and service at each stage of its life cycle, from manufacturing to distribution to sale. It can be filed monthly or quarterly. 

Lanop’s team of highly qualified experts do year-round VAT reporting and prepare returns on your behalf. We will submit it online using MTD-compliant software. Our accounting software, tax experts and dedicated client managers are exactly what you need to stay compliant with HMRC’s Making Tax Digital regulations. Once you have chosen the suitable VAT scheme, we will guide you through the registration process in real-time and advise you on how to switch if you plan to move to a more tax-efficient scheme. 

Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations. 


VAT Accountants

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To do a VAT return in the UK, you need to follow these steps: 

 1) Collect all your sales and purchase records, including invoices and receipts.  

2) Calculate the VAT you’ve charged on your sales and paid on your purchases.  

3) Complete your VAT return online using HM Revenue and Customs (HMRC) online services.  

4) Submit the return and pay any VAT due by the deadline.  

Remember to keep accurate records and consult HMRC guidelines for specific details. 

You must pay Value Added Tax on every purchase of products or services, whether you are a person or a company. In the United Kingdom, three types of VAT rates are charged as follows: 

Standard rate: 

Most goods and services. 

Reduced Rate: 

Some goods and services e.g., children’s car seats and residential energy 

Zero Rate: 

Zero rates are charged on goods and services like food and children’s clothes. 

Scheme 1 – Standard VAT Accounting 

Standard VAT is 20%, which means that you claim VAT on purchases made. 

VAT returns are submitted quarterly 

This is completed online and must show the output and input tax for that quarter. 

You can reclaim VAT for invoices raised in that quarter. 

Scheme 2 – Flat Rate VAT Scheme 

Provided as an incentive to simplify taxes allowing you to charge VAT on invoices at 20% but only pay HMRC at a lower rate 

For example, IT Contractors have a FLAT rate of 13.5% in their 1st year of trading and 14.5% after this. 

This ensures that contractors raise extra income. 

Certain thresholds exist, and your accountant will aid you with staying within these boundaries. 

Scheme 3 – Cash Accounting Scheme 

You CANNOT use this scheme if your turnover is more than £1.35 million. 

This scheme is advantageous for businesses that pay VAT only when clients have paid for goods/services. 

However, VAT cannot be claimed for goods bought for the company if they have not yet been paid for 

This is completed online and must show the output and input tax for that quarter. 

Remember that VAT cannot be paid for purchases/services that have not been paid for 

Calculating VAT returns involves two main steps. 

First, calculate the VAT charged on your sales by multiplying the taxable amount by the applicable VAT rate (e.g., 20%).  

Second, calculate the VAT paid on your purchases by adding up the VAT amounts from your supplier invoices.  

Finally, subtract the total VAT paid on purchases from the total VAT charged on sales to determine the VAT due or refundable. Always consult HMRC guidelines or seek professional advice for accurate calculations.

Our team of highly qualified experts do year-round VAT  reporting and prepares returns on your behalf. We will submit it online using MTD-compliant software. Our accounting software, tax experts and dedicated client manager are exactly what you need to stay compliant with HMRC’s Making Tax Digital regulations. 

Once you have chosen the right VAT  scheme, we will guide you through the registration process in real time and advise you on how to switch if you plan to move to a more tax-efficient scheme. 

Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in Putney, London, provide practical and efficient solutions to all your accounting needs. 

Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations. 

The VAT return is typically due every three months, following your ‘accounting period.’ If you are VAT registered, it is mandatory to submit a VAT return, even if you have no VAT to pay or reclaim. The deadline for submitting the return online and paying HMRC is usually one calendar month and seven days after the end of your accounting period.  

Be sure to allow sufficient time for the payment to reach HMRC’s account. Always verify the specific dates according to your accounting period and consult HMRC guidelines for accuracy.

Our Guide

Should I Register for VAT

A common question amongst small business owners is whether or not they should register for VAT and what the VAT threshold is. Hopefully, this guide will help you make up your mind about VAT registration and the benefits of this. By exploring the VAT threshold and its advantages, you’ll be better equipped to navigate the complexities of taxation and determine the most suitable course of action for your business. 



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Our team consists of skilled and experienced accountants and financial advisors. These professionals are able to assist individuals, entrepreneurs, business partners, and larger ventures with their financial and accountancy acumen. 

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Your business must register with HMRC if your Taxable VAT Turnover is over £85,000. On top of the initial registration process, our VAT professionals will also help you plan, prepare and file all the necessary paperwork on your behalf, ensuring your returns are filed correctly and on time. 

Our chartered accountants will take care of all your HMRC compliance needs. Preparing and filing with relevant government departments (whether it is HMRC VAT, Payroll, corporation tax or income tax department). Companies House is also kept up to date with legalities and compliances relevant to your business. 

With Lanop’s team of skilled bookkeepers, you can focus entirely on building your business by letting us handle all tedious record keeping of income, expenditure, bank reconciliations, VAT and PAYE on a state-of-the-art cloud-based software coupled with smart technology applications.  

Our specialist payroll department efficiently manages payroll and PAYE on your behalf by collecting and maintaining meticulous records of employees. We also help keep track of your pay slips and file your P30s and P60s on schedule. 

Lanop’s wide knowledge of industry-specific tax reliefs and in-depth counselling on tax saving and investment planning for individuals and corporations make us your true friend when planning for taxes. Give us a call. We will make your life easier. 

All types of tax investigations are handled at Lanop. Our expert chartered accountants offer competent advice on subjects such as COP 8 (Tax Avoidance), COP 9 (Suspected Serious Fraud), HMRC Nudge Letter, Disclosure Facilities, fraud, VAT and PAYE investigations. 


The Advantages of Voluntary VAT Registration for Small Business

The Advantages of Voluntary VAT Registration for Small…

Value Added Tax (VAT) is the sales tax…

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Should I Register for VAT

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Aurangzaib sir

Aurangzaib Chawla

At Lanop, I am providing my services as the Managing Partner and Tax Specialist. My expertise includes helping medium and small-scale businesses in their accountancy and legal requirements, business start-up support, strategic review, payroll system review and implementation, VAT and tax compliance to cloud accounting. I am also an expert in financial reporting, identifying and monitoring risks, strategic business development, client retention, market acquisition and deals closure by carefully planning my sales cycle. 


Muhammad Sohaib

Senior Financial Accountant


I am a qualified finance professional with over 8 years of diverse experience and proven track-record in accounting and finance, tax planning, preparing annual accounts, dealing with tax investigations and strong customer relationship management. I have also served in the higher education institutes to teach financial accounting and financial management to undergraduates and MBA students. Apart from my core expertise I am also leading and managing Lanop’s team of client managers across continents. I am also responsible for the quality control of the work and the provision of streamlined services to all our customers. Apart from work, I am a real Tennis enthusiast & sports player at heart.

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