Introduction »

Online for business

HMRC has now decided that all remaining VAT registered businesses will be required to file VAT returns online and pay any VAT due electronically from 1 April 2012.

Existing VAT businesses with a turnover of £100,000 or more, and all new customers that have registered for VAT, since 1 April 2010 are already required to file and pay online.

The new measures will have effect from 1 April 2012 in relation to accounting periods starting on or after that date, for those businesses with a VAT exclusive turnover below £100,000. An exemption is to apply if a business is either insolvent or is run by people who are practising members of a religious group whose beliefs are incompatible with the use of computers.

Electronic Payments

The new measures also mean that any VAT due must also be paid electronically. There are various ways of paying electronically, and not all of them involve the use of a computer, for example, phone banking, BACs, CHAPs and payment by Bank Giro Credit (at a participating bank or building society) for cash or cheque payments.

Please contact us if you would like to discuss the services we offer in this or any other area of online filing.

Introduction »