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News - 6 May 2009

Benefits of VAT Online Filing

HM Revenue & Customs (HMRC) plan to phase out the use of paper VAT returns from 1 April 2010, when businesses with an annual turnover of £100,000 or more, and all newly registered VAT businesses, will be required to file their VAT returns online and make payments electronically. Paper returns will still be an option for the remaining VAT registered businesses, but this will be reviewed in the run up to 2012.

ABDS is starting to register all thier clients for online filing of the VAT Returns. Besides getting an additional 7 days’ extension to the filing deadline you can get an extra 3 days to pay the Vat over to the HMRC if paid by Direct Debit.

For more information please contact Mr Tonmoy Kumar by telephone on 023 8083 6900 or by email on Tonmoy.Kumar@netaccountants.net.

 

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