From 1 April 2010 it will be compulsory for certain businesses to file VAT returns online and to pay VAT electronically.

Who will be affected?

– Existing businesses with an annual VAT exclusive turnover of £100,000 or more.

– All businesses newly registered for VAT on or after 1 April 2010, irrespective of turnover.

What to do if am affected?

If you are one of the affected business it is important you register with HM Revenue & Customs online filing website as soon as possible and familiarise yourself with the online system before your first VAT return is due.  This is a major change in the administration of VAT and we do expect to see problems nearer the deadline as businesses rush to register.  

If you have any doubts regarding online filing for VAT or would like assistance in setting up online filing we will be happy to discuss the options available to you. Contact us on +44 (0)1206 768538

Hooper & Co is registered with HM Revenue & Customs to file returns on behalf of clients.