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Let Beany handle your VAT stress, so you can relax

VAT can't be any easier with Beany. From reconciling VAT, filing VAT, to unlimited support and chats, Beany has got you covered. You only pay for what you need, no jargon - that's a promise. We take the weight of accounting off your shoulders.

What's VAT

VAT stands for Valued Added Tax in the UK, it's added to the prices of goods and services you sell.

For most goods and services, the standard VAT rate is 20%. However, a 5% VAT rate is applied to some health, energy, heating and protective goods and services. 0% is applicable for a range of goods and services including health, building, publishing, and kids' clothing.

It's also important to note VAT is exempted on certain things, such as public postal services, insurance, educational training, and residential renting.  Also, some things are “outside the scope”, such as taxes, salary payments and sales to outside the EU.

When to register for VAT

Some businesses in the UK are required to register for VAT, some are not, and others can choose whether to register or not. The VAT registration threshold is £85,000.

  • You're required to register for VAT if the business's annual turnover is above £85,000, or you expect turnover to exceed this threshold in the next 30 days. Otherwise, you may be fined if you don’t register.
  • Businesses that sell exempt goods and services are not allowed to register for VAT.
  • If your business's annual turnover is below £85,000, you can choose to register for VAT voluntarily.

VAT return due date

Once the business becomes VAT registered, it's required to make quarterly VAT returns to HMRC.

VAT returns due dates are one calendar month, and seven days after the end of the accounting period. However, the specific dates vary for businesses because businesses can choose their VAT quarters at the time of registration.

The timetable for VAT returns covers 12 months, but it may not correspond to calendar quarters. Maintaining track of your timeframe is therefore essential.

Filing VAT returns and MTD

Make Tax Digital (MTD) means you must use software recognised by HMRC to submit VAT returns, such as Xero. Manually submitting VAT returns is no longer possible.

You can file your VAT returns using Make Tax Digital-compliant accounting software such as Xero or using bridging software. See more information on


Frequently asked questions

Don’t see your answer? Reach out to us, we’d love to help!
Register free and take a look around the Beany platform. A member of our team will reach out to learn about your business and your goals. They will offer the best way forward and if we're a good fit for each other. The next step is to choose a package that suits your business needs. Remember all of our packages are fixed monthly fees so there’s no surprises.
We help thousands of businesses grow by sharing the weight of their accounting, or taking it off their shoulders entirely. We combine the latest accounting cloud technology with a reassuring helping of human interaction. Our Beanies are there for you full time to keep things running smoothly and guide you through the tough stuff.   
Once you've finished your ID checks and HMRC authorities, our team will be busy in the background getting connected with your Xero file and at HMRC.If you had any third parties where we need to do ID checks or get HMRC authorities, we'll need to have these complete before we're able to work as your accountant. Once we've got the access we need and the ID checks are all complete, you'll receive an email introducing you to your new accountant along with a link to book a meeting with them to discuss your business goals.
Beany will give you support on any tax and accounting question, as part of your package. We are here to help.  And should you require some out-of-scope work, such as preparing a cash flow summary for the bank, or working through a specific tax issue, we will let you know any extra cost before we start.You can call and email our Customer Support desk as often as you like. The type of questions we get range from help with your Xero file, asking when your tax is due and what to do with your payroll!We always aim to respond within 24 hours with answers to your questions, although at peak accounting times it may take a little longer.Our Support desk is staffed by qualified and experienced accountants who can respond quickly and accurately. If needed, they will also liaise with your personal Beany accountant.We can also offer you some training to help you manage some of these tasks yourself. It’s all part of the service.
Yes, we certainly do. We can provide advice on anything you would expect from a traditional accountant. Take a look at customer testimonials to get an idea of some of the advice we have provided.Please send us an email or give us a call. Once we understand what you need, we will provide a quote, detailing the cost of the advice and what you are going to receive from Beany. This way there are no surprises!
Beany has a 12 month commitment for all our accounting packages. This is because the monthly payment you make is actually the total cost for the year, split into 12 monthly payments, as a payment plan.We operate like this to give you certainty about the cost of your compliance, and to smooth cashflow for your business.