How often must a VAT return be submitted?

Businesses must submit VAT returns based on their specific circumstances, which varies between different enterprises. The frequency of submission can be either quarterly or annually, and this is determined by various factors such as the size of the business, its turnover, and the options it selects when registering for VAT.

For most VAT-registered businesses, quarterly submissions are typically the norm. However, smaller businesses may qualify for the Annual Accounting Scheme, allowing them to submit VAT returns once per year. This flexibility in submission frequency is designed to accommodate various types of businesses and their cash flow requirements.

Monthly submissions are less common and typically only apply to larger businesses or those that have opted for certain special schemes. This means that while some businesses may need to file monthly, it is not the standard practice.

In summary, the correct answer reflects the flexibility provided in VAT return submission based on business needs, allowing for either quarterly or annual submissions, depending on the business's size and specific circumstances.