VAT traders do it online

From 1st April 2010 it is proposed that, for all VAT registered businesses whose annual turnover exceeds £100,000, VAT returns must be filed online and the VAT must be paid electronically. From 2012 it is likely that all VAT returns will have to be filed online.

The change is inevitable. We may as well embrace it sooner rather than later. In order to file (VAT returns) online it is necessary to register with HMRC for the service. Information required to complete the registration is:-

1] Date of original VAT registration as shown by the VAT registration certificate

2] Period of your last VAT return

3] Amount of VAT due (Box 5) from the last VAT return

Once registered it is possible to appoint an agent to deal with future online filing on your behalf, or you can simply do it yourself.