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Revenue confirms all businesses must file VAT online
HM Revenue & Customs (HMRC) has confirmed that with effect from 1 April 2012, all VAT-registered businesses must file their VAT returns online and make payments electronically.
Up until that date, only newly registered businesses and those with turnovers of £100,000 or more have had to file their returns and pay their VAT online.
VAT is chargeable on most goods and services supplied in the UK, by businesses whose turnover exceeds the VAT threshold (currently £73,000).
Businesses are being advised to sign up to the online service in advance of the April deadline.
We can help with all your VAT requirements, including registering for VAT and submitting your VAT return on your behalf – please contact us for further assistance.