VAT Returns Go Online
02 April 2012
HMRC is again reminding businesses about the changes for VAT-registered businesses happening this April, as VAT returns go online.
All VAT-registered businesses in the UK will now have to submit their VAT returns online, and pay electronically, for periods starting on or after 1 April 2012. VAT liabilities can no longer be paid by cheque.
Previously, only newly-registered businesses and those with turnovers of more than £100,000 had to submit their VAT online, as well as pay electronically. Anyone else could send HM Revenue & Customs (HMRC) a paper VAT return, but this will no longer be an option.
To submit your VAT return online, you will need to register and enrol for HMRC’s VAT Online Service. If you haven’t done so already, you need to take action now.
To register, visit HMRC at www.hmrc.gov.uk/online/new.htm