Compulsory VAT Online
Posted by admin on 10 August 2011 | 0 Comments
From April 2012 changes to the way VAT returns have to be filed are coming into force.
It's easy to see that HM Revenue & Customs are keen to move to online filing as we've seen with other taxes and now it's VATs turn again. At the moment, only newly registered businesses and those with a turnover in excess of £100k have to file their returns online. However from 1st April
all businesses must file returns online. This has not come as a shock to the industry however for many smaller businesses who are registered this could present difficulties.
We file all returns for clients online as standard. This ensures that the return is received by HMRC via their secure site and gives an extra seven days to file the return and pay. For more information regarding VAT and your obligation contact us using our enquiry form.