Group VAT registration and Group VAT Returns

AccountsIQ is an HMRC approved accounting software vendor. All our MTD capabilities support HMRC’s ‘digital links’ requirements. As we also specialise in accounting software for groups, our HMRC compatible accounting software enables users to fully comply with the complex rules governing Group VAT returns.

Making Tax Digital Digital VAT returns guide

Group VAT registration explained

Group VAT registration enables two or more entities, such as limited companies or LLPs, to be treated as a single company for VAT purposes. That means the group only needs to submit one combined VAT return for each period.

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Benefits of Group VAT registration

In general, all entities using Group VAT registration must be established in the UK and under common control. There are special conditions for VAT groups with an annual turnover of more than £10 million.

The key benefits of Group VAT registration are:

VAT groups only need to submit one VAT return for the whole group in each period
No VAT is chargeable on goods or services supplied between group members
One clear view of the group’s VAT position
Easy to trace all VAT payments/receipts to/from one bank account.

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AccountsIQ supports Group VAT returns and Making Tax Digital (MTD)

AccountsIQ is an HMRC approved accounting software vendor. All our MTD capabilities support HMRC’s ‘digital links’ requirements. Digital links ensure that information is not transferred manually (such as by copy and pasting data from spreadsheets or other systems) as this process is error prone.

As we also specialise in accounting software for groups, our HMRC compatible accounting software enables users to fully comply with the complex rules governing Group VAT returns.

Once established the digital links between your AccountsIQ entities and HMRC are maintained for future VAT submissions (with your valid Government Gateway credentials).

How AccountsIQ makes VAT Group registration easier

Consolidated group VAT return

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Submit Group VAT returns on our consolidated platform

Submit Group VAT returns on our consolidated platform that is HMRC approved and maintains digital links for Making Tax Digital

Track Group VAT liability

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Track Group VAT liability

Track Group VAT liability through consolidated management reporting dashboards

Comprehensive tax audit trail

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Audit trail

Ensure a comprehensive tax audit trail. All VAT records are online, in the cloud, with auditable links between company datasets to comply with government requirements.

VAT summaries

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VAT summaries

Quickly access VAT100 (UK) and VAT3 (IE) summaries.