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Mar
30th

ONLINE VAT RETURNS By: Clare

In the build up to online filing only newly-registered businesses and those with turnovers of more than £100,000 have had to submit their VAT returns online, as well as pay electronically. Now all VAT periods starting on or after the 1st of April 2012 must be all filed online and paid electronically.

To do this you need to register for HMRC online services found on their website and enroll for online VAT. Other benefits include an automatic acknowledgment that your VAT return has been received for peace of mind, and reminders for when it is next due.

If you haven’t already registered we recommend that you do so as soon as possible to avoid late penalty fees and interest.

For further information and advice please contact Haxton Chartered Accountants.

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