Why does a company require VAT Returns?
If your company’s turnover is higher than the current VAT threshold, you may find that you have to register for VAT. If your business drops into this category, then you have to produce and file a VAT return to HMRC, normally very quarter.
But, even if you are not obliged to register for VAT it can often be an advantage to registering voluntarily. Determining whether you should or shouldn’t register can be complicated but don’t panic, help is available. MTS Accountancy can guide you through the process and ensure that you get the best help possible.