If you’re VAT registered, you’ll want to be aware of your VAT deadlines and payment responsibilities. Hefty penalties and fines are issued for those who fail to do this, so please make sure that you’re submitting your VAT returns to Crunch by the end of the following month of your VAT return period end date.
For example, A VAT return with a period covering 01/01 - 31/03 (quarterly) would need to be submitted to Crunch by 30/04 to ensure it’s filed on time with HMRC.
When you need to submit your VAT return, we’ll email you a reminder.
For more information about VAT, as well as some additional information about Making Tax Digital, we’d recommend taking a look at our Knowledge Article found here.
Step-by-step instructions:
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Limited Company:
In order to submit your return, you’ll need to navigate to 'Company Tax > VAT Returns’.
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Sole Trader:
In order to submit your return, you’ll need to navigate to 'VAT’.
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Once you’re here, you should see a “Status” column, which will represent the stage of your VAT returns.
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Status:
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Meaning:
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Current
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This is your open VAT period, which is still ongoing.
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Due for submission
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The VAT period has ended and needs to be submitted.
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Submission Overdue
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The filing date for this VAT period has passed and needs to be submitted as soon as possible.
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Use the ‘Options’ menu for the relevant return, and select ‘View VAT breakdown’.
The following screen then provides you with a breakdown of your return.
You’ll see “VAT to pay on sales” and “VAT to reclaim on purchases” and you can get further details of it by clicking ‘Show details’ - you should see something like our example below.
Once you’ve completed your checks, select ‘Display VAT return’:
You’ll now see a summary of all details on the VAT return you’re about to submit.
At a glance, Row 5 takes into account both the VAT due on sales and the VAT being reclaimed for expenses. Row 5 is therefore the total amount you pay, or reclaim, for this VAT return:
It’s important that you fully read the declaration to confirm the information within the VAT return is true and complete.
You can do this by clicking the checkbox and then selecting ‘Submit VAT return’:
You’ll then see that the “Status” of the VAT return now shows ‘Submitted to Crunch’.
Our accountants will then prepare and file your VAT return with HMRC. Once this process has been completed, you’ll receive an email containing details on how to pay HMRC.
Related Help Centre articles:
Once the VAT return has been paid for, you’ll need to record the payment:
Once you’ve paid VAT to HMRC, you’ll need to record it in Crunch. We have this guide for you.
Need help understanding why there’s additional VAT on “Recharged expenses”?
We’ve got you covered, take a look at this article.
