VAT returns are a crucial aspect of the Value Added Tax (VAT) system in many countries, including the United Kingdom and the European Union member states. A VAT return is a regular report submitted by VAT-registered businesses to tax authorities, summarizing their VAT transactions for a specific period. The primary purpose of VAT returns is to calculate the VAT liability of a business for the given period and to facilitate the payment or refund of VAT.

Here's why VAT returns are important: