News
February 2010
Online VAT Systems Upgraded
We would like to remind businesses that new rules for filing VAT returns come into force this year.
From 1 April 2010, businesses with an annual turnover of £100,000 or more (excluding VAT) and all businesses which are registering for VAT for the first time, regardless of their turnover, will have to file their returns and pay online.
HM Revenue and Customs (HMRC) has updates its online service for VAT ahead of the changes, which it claims 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 HMRC’s 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/
