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VAT returns online

Summer 2010

Have you now registered with HMRC to submit online VAT returns if your annual sales are more than £100,000?

Online filing of VAT returns and electronic payment of VAT became compulsory for these businesses for any VAT period beginning after 1 April 2010. It is also compulsory for any newly registered business with a registration date of 1 April 2010 or later. There are advantages with online filing, including an extra seven calendar days to submit the VAT return and pay any VAT that is due. And if direct debit is your chosen method of electronic payment, you get an extra three working days before the money is taken from your bank account

Hilton Sharp & Clarke