Convenience Store VAT calculations Help!

17/05/2019 11:19:14

I own a small convenience store in England and need some help on how do I work out my VAT?

Can there be any guidance or helpline who can help me for my quarterly VAT return??



PS: I can not afford to pay accountants Fees as quoted very high but if hmrc team can help , I would appreciate It very much...
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Re:Convenience Store VAT calculations Help!

17/05/2019 13:39:03
Hi James,

Thanks for your question.

There is a box by box guide that details information in relation to which each box means found here:

How to fill in and submit your VAT Return (VAT Notice 700/12)

This also shows the correct process of filing if the business is operating certain schemes. Details on how to file is found in section 5 and you must check that the business does not meet the requirements of Making Tax Digital for VAT.

If they do they must follow the rules and regulations found here:

VAT Notice 700/22: Making Tax Digital for VAT