Simple VAT software for UK businesses to submit HMRC VAT returns. An all-in-one software for VAT invoicing, accounting and submitting VAT returns to HMRC. Preparing to submit VAT returns manually could be complicated, time-consuming and prone to errors. HMRC is already on mission to digitize the whole VAT filing process with the making tax digital campaign, which will be rolled out soon.
All VAT registered businesses are expected to leverage software that can talk to HMRC portal to submit VAT returns and make VAT payments online. To prepare and submit perfect VAT 100 form you need following information that needs to be submitted to HMRC:
- VAT collected on all goods and services you supplied
- VAT you owe on purchases from made from VAT registered entities in member states
- Total output VAT, which is sum of the above two
- VAT paid by you on business purchases
- Net VAT
- Total Sales excluding VAT
- Total Purchase excluding VAT
- Total sales to other EU member states, not domestic
HMRC portal would provide a web-form to enter all this information. If you have a software that provides form as per HMRC VAT guidelines, then all you need to do is post the data on the web form and submit the HMRC VAT returns.
All VAT registered businesses are expected to leverage software that can talk to HMRC portal to submit VAT returns and make VAT payments online. To prepare and submit perfect VAT 100 form you need following information that needs to be submitted to HMRC:
- VAT collected on all goods and services you supplied
- VAT you owe on purchases from made from VAT registered entities in member states
- Total output VAT, which is sum of the above two
- VAT paid by you on business purchases
- Net VAT
- Total Sales excluding VAT
- Total Purchase excluding VAT
- Total sales to other EU member states, not domestic
HMRC portal would provide a web-form to enter all this information. If you have a software that provides form as per HMRC VAT guidelines, then all you need to do is post the data on the web form and submit the HMRC VAT returns.