VAT – Compulsory online filing

Wellden Turnbull accountants are reminding business owners that HM Revenue and Customs (HMRC) has updated its online service for VAT ahead of new rules which come into force in April. And that from 1 April 2010, businesses with an annual turnover of £100,000 or more (excluding VAT) and all businesses registering for VAT for the first time, regardless of their turnover, will have to file their returns and pay online.

Robin John from Wellden Turnbull said: “HMRC says that the improvements to its online service will make it easier for new users to register and enrol for the service, and to file returns online. Users will also be able to register for email alerts to remind them when their next VAT return is due.

Businesses that already deal with their VAT through the online service can continue to use their existing login details, although they may notice some changes to the pages they use”.

For more information visit www.hmrc.gov.uk/vat/vat-online/

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Wellden Turnbull LLP is a member of the UK200 Group and is at www.wtca.co.uk and can be contacted on 01932 868444

For further enquiries please call Katie Smith on Tel: 01932 584787 or email k.smith@wtca.co.uk