VAT Returns Must Be Completed Online from April

VAT-registered businesses must submit their VAT returns entirely online from this spring, HM Revenue & Customs (HMRC) has said.

At present, only newly-registered businesses and those with a turnover of more than £100,000 have to submit their VAT online. Anyone else can send HMRC paper returns if they wish.

However, from 1 April paper-based VAT returns will be abolished. All 1.9 million VAT-registered businesses will have to complete their returns online, and pay electronically, for accounting periods starting on or after 1 April 2012.

To submit returns online, businesses need to be registered on HMRC’s VAT Online Service.

According to HMRC, online filing offers firms a number of advantages including an automatic acknowledgement that your return has been received, a sum checker, and an email alert to remind you when your next online return is due.

VAT Returns Must Be Completed Online from April

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>