Ideally, VAT you charge and pay should be equally balanced – if not, you must either pay the difference or claim a refund. Keeping meticulous records is vital to ensure you’re not paying more than you need to.
How much VAT you need to charge depends on what you sell. An accountant can advise on which rate applies to you.
We will give you full support in filing your VAT return so it’s one less thing to worry about.