How are VAT returns filed?

VAT returns must be filed regularly by VAT registered businesses. It is  typically required for businesses to file VAT returns on a quarterly basis. The  return will show how much VAT you charged during that period of time, which is  referred to as Output Tax. The return will also show how much VAT has been paid on purchases, which is referred to as Input Tax. In most cases, businesses that  are VAT registered can reclaim Input Tax.

 

The return also contains a section for EU transactions, both sales and purchases.