HM Revenue
& Customs (HMRC) is issuing a reminder to businesses
affected by new online filing requirements for VAT returns.
Under the new rules, existing VAT-registered businesses with
annual turnovers of £100,000 or more (excluding VAT), and any
businesses which registered for VAT from 1 April 2010, now have to
file their VAT returns online and pay their VAT electronically.
The vast majority of traders file their VAT returns quarterly,
and the first quarterly returns affected by the changes are those
covering April to June 2010, which – for most online filing
customers – must be filed online by 7 August.
Stephen Banyard, Director of HMRC’s Business Customer Unit, said:
“The vast majority of customers affected by the new arrangements
have already enrolled for HMRC’s VAT Online service, and many have
also filed their first returns online.
“However, if you’re a VAT-registered trader who’s affected by
these changes, and you haven’t yet signed up, you need to take
action now.”
Customers wishing to sign up for the VAT Online service should go
to the HMRC website – www.online.hmrc.gov.uk/registration.htm
– and follow the instructions on the screen.
There is more information about the registration process on the
HMRC website, including an online demonstrator and two
downloadable Beginner’s Guides, at the following address: www.hmrc.gov.uk/vat/vat-online/index.htm.
Issued by HM Revenue & Customs Press
Office
Press enquiries only please contact:
Contacts:
HMRC Out of Hours
Phone: 07860 359544
NDS.HMRC@coi.gsi.gov.uk
Jan Marszewski
Phone: 020 7147 0798
jan.marszewski@hmrc.gsi.gov.uk