Every UK business or a sole trader has to register for VAT submission when their annual turnover becomes greater than £83.000 per year. There are 2 options on how to register for VAT return: fill it online via the government gateway or you can ask our online professional accountants to help you with the VAT registration.

Filing of VAT return usually is done either quarterly or annually. When you submit your VAT returns annually you always need to pay out deposits of 25% of your VAT receipts each quarter to the HMRC. Because of that Persona Finance Ltd recommends filing the VAT return every quarter with the purpose not to freeze your money. Our professional online accountants will help you to choose the best option for your business. 

The usual cost for the VAT submission ranges significantly depending on whether the bookkeeping is done through the professional accountant or not. As our online UK accounting firm is focused on the professional and affordable services for different types of businesses our prices start from £10 + VAT per submission and up to £150 + VAT depending on the complexity of the case and how much time is left till the submission is due. 

Deadlines for VAT return are 1 month and 7 days after the end of the period if you are on the quarterly base system. If you are on the annual VAT it is 2 months from the end of your period.