Business News
VAT - Compulsory on Line Filing
Halifax chartered accountants Lambert, Roper and Horsfield are reminding business owners that HM Revenue and Customs (HMRC) has updated its online service for VAT ahead of new rules which come into force in April.
From 1 April 2010, businesses with an annual turnover of £100,000 or more (excluding VAT) and all businesses registering for VAT for the first time, regardless of their turnover, will have to file their returns and pay online.
Nick Frost, a director at the firm, said: "HMRC says that the improvements to its online service will make it easier for new users to register and enrol for the service, and to file returns online. Users will also be able to register for email alerts to remind them when their next VAT return is due.
"Businesses that already deal with their VAT through the online service can continue to use their existing login details, although they may notice some changes to the pages they use."
For more information visit www.hmrc.gov.uk/vat/vat-online/
