Get Vat 623

You pay instalments of the VAT that you expect to owe, so that you're not faced with a large VAT bill at the end of the year. You can choose to make 3 (quarterly) or 9 (monthly) instalments towards your end of year VAT liability. These must be paid by Direct Debit, Standing Order or other electronic means.

The Direct Debits are usually taken 3 working days after the deadline of the 7th so it is correct that the money has not been requested yet. However, if you would like to double check whether the Direct Debit has been set up correctly then please call the VAT Helpline on 0300 200 3700.

The easiest way to make a VAT payment is to set up a Direct Debit. Then, all you have to do is to submit your VAT return and everything else will be taken care of on your behalf, whether you're due a repayment or a payment has to be made.

Under the Standard VAT Accounting Scheme, VAT-registered businesses must submit a VAT Return and make payments four times per year. The Annual Accounting scheme simplifies this process by allowing businesses to submit one VAT Return a year and make payments towards their final VAT bill in instalments.

If you've charged more VAT than you've paid, you must pay the difference to HMRC . If you've paid more VAT than you've charged, HMRC will usually repay you the difference.

Usually, VAT -registered businesses submit their VAT Returns and payments to HM Revenue and Customs 4 times a year. With the Annual Accounting Scheme you: make advance VAT payments towards your VAT bill - based on your last return (or estimated if you're new to VAT ) submit 1 VAT Return a year.