Vat rules can be different for every business and there are a number of different vat schemes available. Some of the main ones include flat rate vat, cash accounting, and standard accounting.
If you are a vat registered, you need to take your vat returns seriously.
There can be big penalties for late returns and late payments. This is money that few businesses can afford to throw away.
Since the vat returns have to be submitted, why not ensure that this is done sooner, rather than later and save yourself valuable cash?