
VAT return deadlines
VAT return deadlines refer to the due dates by which businesses must submit their VAT reports to tax authorities, typically quarterly. These returns detail the VAT charged on sales and paid on purchases. Failing to submit on time can lead to penalties or interest charges. Most businesses need to file VAT returns electronically, with deadlines usually a month and 7 days after the end of each VAT period. It's essential for businesses to keep accurate financial records to ensure timely and accurate submissions, helping maintain compliance and avoid any financial penalties.