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NEWS

U.K. Online VAT Filing


28/03/2012

According to HMRC starting April 1 2012 all businesses, apart from a very small number will have to submit the VAT returns online and pay any VAT due electronically.

Most of the businesses have been required to do so since April 2010. The new guideline extends the requirement even to previous registered VAT payers who had an annual turnover exceeding GBP 100,000 before the year ending December 2009 and their future turnover drops below GBP 100,000.

Source: www.hmrc.gov.uk

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