Which VAT scheme allows traders to submit a return every month if they are repayment traders?

The standard scheme is the correct choice for repayment traders because it allows them to submit their VAT returns on a monthly basis, which is beneficial for businesses that frequently reclaim VAT. This scheme includes the typical process of reporting output VAT (the VAT charged on sales) and input VAT (the VAT paid on purchases). For repayment traders, this means they can receive refunds more regularly if they have more input VAT than output VAT, thus improving their cash flow.

Other schemes, like the annual accounting scheme, are designed for businesses that prefer to make a single VAT payment based on their annual VAT liabilities, thereby submitting returns only once a year rather than monthly. The cash accounting scheme allows businesses to account for VAT based on cash flow rather than invoice dates, which is different from a regular monthly reporting structure. The flat rate scheme simplifies the VAT calculation but does not specifically cater to the needs of repayment traders in the same way the standard scheme does.