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February 2010 - Online filing of VAT Returns
From 1 April 2010 you will have to submit your VAT Returns online and pay any VAT due
electronically if either of the following applies:
- you have an annual turnover of £100,000 or more (exclusive of VAT)
- you register or should have registered for VAT on or after 1 April 2010 (regardless of your turnover)
If you fall into either of the above groups you will have to file your VAT Returns online
(including nil and repayment returns) even if your turnover drops below £100,000 in the future.
You will not have to submit your VAT Return online and pay VAT electronically if you registered for
VAT before April 2010 and your turnover stays below £100,000. You will still be able to submit your
VAT Return on paper for the time being, but this is likely to change at some point in the near
future. You may want to switch to using the online service sooner - it will save you time and,
in most cases, will give you extra days to submit your return and pay the VAT due.
If you are required to submit your VAT Returns online and pay your VAT electronically you will
receive a letter from HM Revenue & Customs (HMRC) in soon informing you of this.
If you have any questions about this please give us a call.
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