Which of the following is an exception to the normal VAT return deadline?

The selection highlights the annual accounting scheme as an exception to the standard VAT return deadlines. Under this scheme, eligible businesses are allowed to file VAT returns on an annual rather than quarterly basis. This means that instead of adhering to the typical frequency for submitting VAT returns, these businesses can simplify their reporting and manage their cash flow more effectively by consolidating their VAT obligations into one annual return.

This approach tends to benefit smaller businesses that may prefer a less frequent filing schedule due to lower turnover or more straightforward accounting needs. It is a specific allowance made within the VAT regulations to accommodate the operational realities of certain businesses.

Other options do not represent exceptions to the VAT return deadlines in the same way. For example, all businesses submitting online returns still need to comply with the standard timings set by the HMRC. Similarly, businesses whose accountants file VAT returns are still bound to the same deadlines; they are simply delegating the task to a professional. Lastly, traders paying by cash do not have a different schedule regarding their VAT return deadlines. Instead, their payment method does not influence the timing requirements for returns.