Tax & Compliance
VAT returns without the headache
Auto-calculate VAT from your categorised transactions
Accounted tallies output tax and input tax as you categorise transactions, then lets you review and submit your MTD-compliant VAT return directly to HMRC — no spreadsheets, no stress.
Start Free Trial →How It Works
Penny tracks VAT
As transactions are categorised, Penny automatically identifies and records the VAT on every purchase and sale.
VAT calculated
Output tax, input tax and net VAT are calculated in real time so your return is always ready before the deadline.
Submit to HMRC
Review the summary, tap submit and your MTD-compliant VAT return goes straight to HMRC — no spreadsheets required.
Why VAT Returns?
Automatic VAT calculation
Every categorised transaction feeds straight into your VAT return. No manual totals, no missed claims.
Supports Standard / Flat Rate / Cash
Choose the VAT scheme that suits your business and Accounted calculates accordingly — switch whenever you need to.
Direct HMRC submission
File your return to HMRC in one click through our direct MTD API connection. Get instant confirmation.
VAT liability dashboard
See your running VAT liability at a glance so you can set aside funds and avoid payment-day surprises.
Quarterly reminders
Penny reminds you before each deadline so you have time to file and avoid a late-submission penalty.
Accurate VAT, calculated as you go
Accounted continuously calculates your VAT position from categorised transactions. Output tax from sales and input tax from purchases are tallied in real time, so the numbers are ready the moment you need to file.
- Output and input tax tracked per transaction
- Handles 20%, 5% and zero-rated supplies
- Partial exemption support for mixed supplies
- Reverse-charge VAT for overseas services
Every VAT scheme, one platform
Whether you use Standard, Flat Rate or Cash accounting, Accounted adapts. Switch schemes between periods and historical returns remain accurate under their original rules.
- Standard VAT accounting with full input recovery
- Flat Rate scheme with automatic percentage calculation
- Cash accounting based on payment dates
- Seamless scheme switching between quarters
Frequently Asked Questions
Yes. Accounted connects directly to HMRC's Making Tax Digital API for VAT, built to HMRC's published MTD specification. Your returns are submitted directly through HMRC's secure API with the required fraud-prevention headers.
You need your transactions categorised for the quarter. Accounted calculates output tax and input tax automatically, then presents a summary for you to review before submitting.
You can amend errors on your next VAT return if the net value is under £10,000 (or up to 1% of turnover, capped at £50,000). Larger corrections need a separate disclosure to HMRC, and Accounted guides you through the process.
Absolutely. Accounted is built from the ground up for MTD. Digital record-keeping, automated calculations and direct HMRC submission are all handled within the app.
Ready to try VAT Returns?
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