When is the VAT return submission date for businesses using the flat rate scheme?

For businesses using the flat rate scheme, the VAT return submission date aligns with the standard VAT return deadlines. This means that businesses should submit their returns quarterly, one month after the end of each accounting period. The flat rate scheme simplifies VAT reporting by allowing businesses to pay a fixed percentage of their turnover as VAT, rather than calculating VAT on each sale and purchase. Therefore, it is critical for businesses under this scheme to adhere to the same submission timelines as those using the standard scheme to ensure compliance with VAT regulations.

The statement about the other options clarifies that businesses cannot submit their returns annually, as they are required to do so quarterly. The choice stating that the submission is quarterly regardless of turnover does not accurately reflect the requirements, as the frequency and obligation may differ based on specific turnover levels for submitting returns. The timeframe of one month after the end of the accounting period is indeed accurate but does not distinguish the flat rate scheme from the standard scheme enough to align with the correct choice.