In your VAT settings, you will specify how often you submit your VAT returns, e.g. monthly, quarterly or annually. If you link your VAT account to HMRC’s online portal, we will automatically populate this information based on the VAT submission deadlines HMRC have given you.
In the VAT section of the Online Bank, you will then see VAT amounts for each of these periods. You can choose to create a ‘Savings Goal’ linked to each of these periods.
The Savings Goal will not be funded automatically, but you simply click a button to add the right amount to match what you should be saving for your VAT periods.