How do I pay VAT?

How do I pay VAT

How do I pay VAT?


VAT is paid based on your VAT return but if you are asking yourself - How do I pay VAT? - you are in the right place. 

Your VAT return shows the difference between the VAT you have charged on sales and the VAT you have suffered on your purchases. 

The return submission and payment (unless you are using Annual Accounting VAT) need to be submitted to HMRC one month and seven days after the end of the VAT quarter.

That means that if your VAT quarter ended on 31st January, your return and payment would be due on or before the 7th of March. 

Find out about your VAT quarters and when your return is due here - https://www.annetteandco.co.uk/when-is-my-vat-return-due/ 

How to make a VAT payment

There are a number of ways to make your VAT payment. HMRC must received cleared funds by the payment deadline date. 

Same or next day

Three working days

If the deadline falls on a weekend or bank holiday, your payment must arrive in HMRC’s bank account on the last working day before it (unless you pay by Faster Payments).


You might also want to read:

What happens when my vat return is late

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About the Author

Annette Ferguson 

Owner of Annette & Co. - Chartered Accountants & Certified Profit First Professionals. Helping online service-based entrepreneurs find clarity in their numbers, increase wealth and have more money in their pockets.

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