Published on Friday, 02 July 2010 00:00
This came in on 1 April 2010 and applies where annual business turnover is over £100,000. Business owners should have received a letter from HMRC telling them about online filing.
Details:
- Businesses newly VAT registered, from 1 April 2010 have to use the online filing system, whatever the turnover of the business.
- You have to register and enrol for the service, so it is important to do so well in advance of your next VAT return.
- You have to state the original date of VAT registration. HMRC will be able to advise you of this date if you call them on 0845 010 9000
- You will also have to pay your VAT electronically via the usual methods.
- If you have registered for VAT prior to 1 April 2010 and your turnover is less than £100,000 then you can still file your return manually, however it is likely that you too will have to file electronically by 2012. You can of course decide to file online through choice at any time.
If you at all concerned about VAT and would like to discuss how we help our clients with their online filing,then please CALL US on (01635) 884270
