VAT Return Periods — Account 1
VAT is charged at 20% of block value. Under the scheme, 11% of block value is retained as income and 9% is payable to HMRC. Only completed blocks accrue, allocated to a period by shift date. VAT applies to block payment and adjustments. Blocks before registration (12 Jun 2026) carry no VAT. Due dates assume the standard 1 month + 7 days after period end.