Compulsory online filing VAT returns
This alert is a reminder to all our business clients with VAT able turnover in excess of £100,000 per annum, that from 1 April 2010 they will need to file their VAT return online.
It is presently estimated that only 14% of businesses have volunteered to register for online filing.
From 1 April 2010 at least 65% of all VAT registered businesses will need to register.
We suggest that you pre-empt the last minute rush, early 2010, and register now.
There are two concessions to VAT traders who do file online:
- You get an additional 7 days to file your return, and
- A further 3 working days to pay any VAT due.
And of course you won’t have to worry about postal delays.
If you are computer challenged we would be more than happy to set this up for you. Please call to discuss.