You can file a Nil VAT Return only in certain circumstances. These are where:
- Your Business made no sales
- Your Business made no purchases
Even though you have no VAT to pay or transactions to report you must still submit a VAT return as normal.
How to File a Nil VAT Return
1 Login Into your HMRC account or your accounting software
2 Open up the VAT return for the quarter you need to file your nil return for
3 Enter 0.00 into each of the boxes on your return
Anita is a Chartered Accountant with over a decade of experience taking self employed business owners from financially confused to business savvy.
She is the creator of the ‘Go Self Employed’ website, which her corner on the internet where she makes self employment less terrifying.