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If you are registered for sales tax purposes, you must file sales and use tax returns quarterly, partly quarterly or annually with the department even if your business does not make any sales or purchases during the current reporting period.You must file your sales and use tax return before the due date. There are basically 15 Reasons for a Tax Refund which every businessmen should know.
Tax credit or tax refund refers to the amount returned by finance department, If you have paid excess tax or received too large bill for that. It also includes the expenses done on work's cloth and transportation cost to employee.
If you are self employed, you will need to have your UTR Number to hand when completing a self-assessment tax return. HMRC use this number to identify you as a self-assessment tax return.