Carter moves ahead
Draft Regulations to require online filing for both Corporation tax and VAT have now been issued, in preparation for the implementation of the next phase of the Carter recommendations. The Regulations are open for comment until 31 July 2009. In summary, the plans are as follows :
- For VAT, returns and payments will be required to be made online from April 2010 for all VAT registered businesses with turnover in excess of £100,000 and for businesses registering for VAT from 1 April 2010.