HMRC is phasing out paper VAT returns
From 1 April 2010, most VAT registered businesses will be required to submit all VAT returns online and make payments electronically.
If your business either has an annual turnover of £100,000 or you register for the first time (or become legally required to register) on or after 1 April 2010, you will be required to deal with VAT returns online.
For those businesses already registered with a turnover below £100,000, there will be no requirement to lodge electronically. However HM Revenue and Customs have indicated that by 2012 electronic filing will be compulsory for all VAT registered businesses.
So if you do need to do online for VAT, you will need to register for electronic VAT filing with the HMRC as soon as possible.
At Taxfile we can help you to work out whether you will need to move online for VAT and help you manage this transition.
Please get in touch with one of our helpful staff members on 020 8761 8000 or email at info@taxfile.co.uk.