VAT Return Calculator

UK: turnover > £85k (2024). Once registered, charge VAT on sales and reclaim on inputs. Register voluntarily if you make large capital purchases and want to reclaim VAT.

Most business inputs yes. Exceptions: entertainment, food/drink (non-catering), car fuel (can reclaim on van but not car). Residential property exempt (no VAT reclaim). Check HMRC rules per item.

HMRC refunds you quarterly (normal case). Some businesses over-reclaim due to high input costs (e.g., importers). Can request refund ahead of VAT return due date.