All businesses to file VAT returns online from Spring 2012 30/01/2012
HMRC is reminding VAT-registered businesses that all VAT returns must be submitted online from this spring, meaning paper returns will soon be a thing of the past.
Currently, only newly-registered businesses and those with turnovers of more than £100,000 have to submit their VAT online, as well as pay electronically. Anyone else can send HMRC a paper VAT return, if they wish.
That is changing from April, when all 1.9 million VAT-registered businesses in the UK will have to submit their VAT returns online, and pay electronically, for accounting periods beginning on or after 1 April 2012.
Every VAT-registered trader not already required to submit online will receive a letter from HMRC in February, advising them of the change, and what steps they need to take.
To submit your VAT return online, you need to be registered and enrolled for HMRC’s VAT Online Service.
For more details please follow this link www.hmrc.gov.uk/vat/vat-online/moving.htm