In this VAT return tutorial UK I show you how you can complete a VAT control account and then from this how you can complete a VAT return UK. This video is useful if you are a small business owner or currently studying Indirect Tax AAT level 3 and direct tax.

VAT is an indirect tax, in this video I show you how to complete a VAT control account and how you can make a judgement over whether the final value carried forward is a liability or an asset with HMRC and what the journal entries would be in this example to clear down the VAT control account. This is only applicable in the UK.

This video is specific to VAT in the UK and a UK VAT return but please make sure to consult a professional accountant for any complex VAT return queries or assistance.

See prior videos on this subject below:
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