Call us 0800 0523 555

Contact Us

*COVID-19 update: Many of our shops and offices are now open for face to face meetings with strict social distancing measures in place. We also offer telephone and video consultations for all new clients in order to discuss your needs. Find the latest COVID-19 information available for your business.

VAT - online registration

I have been registered for VAT for a number of years and still do my VAT returns manually and send them in. Can I continue to do this or do I have to do it online.

If your annual turnover is over £100,000 you should have been filing your returns online from 1 April 2010 and paying any VAT electronically. If your annual turnover is below £100,000 the deadline to go online is 1 April 2012.
If you should have been filing online from 1 April 2010, HMRC will start issuing penalties to businesses who fail to submit their return online after 31 March 2011. If a return for a period ending after that date is not filed electronically, an automatic penalty will be charged. This will be between £100 and £400 depending on your annual turnover.
The VAT online service system is fairly straight forward and has additional advantages which include setting up an email reminder service to advise when your next online VAT Return is due. Another benefit as you are required to make payments electronically either through Direct Debit, internet banking, telephone banking, is that you receive a further seven extra calendar (in addition to the usual one month deadline) to file your return and for the payment to reach the HMRC bank account.
If you are concerned about any aspect of this, please contact your local TaxAssist Accountant, who can assist with the submission of your VAT returns online.
 

Call us today to make an appointment with your local office

Consultations available by telephone or video

0800 0523 555

Contact Us