WHAT IS VAT?
VAT returns filed with revenue is the VAT from sales less the VAT from purchases. This is the amount paid to revenue. If the purchases figure is higher than the sales figure then revenue give a refund to the client. Returns need to be filed and paid on time to avoid interest and penalties. Keeping your bookkeeping up to date takes the stress out of filing these returns. We can provide a weekly or monthly service to help you with this.