On­line VAT re­turn re­minder

The Peterborough Evening Telegraph - - Etbusiness Daily -

HM Rev­enue & Cus­toms (HMRC) has is­sued a re­minder to busi­nesses af­fected by new on­line fil­ing re­quire­ments for VAT re­turns.

Un­der the new rules, ex­ist­ing VAT-reg­is­tered busi­nesses with an­nual turnovers of £100,000 or more (ex­clud­ing VAT), and any busi­nesses which reg­is­tered for VAT from April 1, 2010, now have to file their VAT re­turns on­line and pay their VAT elec­tron­i­cally.

The vast ma­jor­ity of traders file their VAT re­turns quar­terly, and the first quar­terly re­turns af­fected by the changes are those cov­er­ing April to June 2010, which – for most on­line fil­ing cus­tomers – must be filed on­line by Au­gust 7.

Cus­tomers wish­ing to sign up for the VAT On­line ser­vice should go to the HMRC web­site – www.on­line. hmrc.gov.uk / reg­is­tra­tion.htm – and fol­low the in­struc­tions.

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