VAT online
Businesses preparing for online filing of VAT returns next year have a long way to go. From April 2010 VAT returns are subject to mandatory online filing for businesses with turnover of more than £100,000. The number of returns currently filed online, however, is still quite low. There are around 1.95 million VAT registered businesses at the moment. Getting a precise figure on how many file online is quite difficult as businesses may file their returns monthly, quarterly or annually.
Continued...
The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.
Registration is FREE and allows you to view all content, ask questions, comment and much more.
Or if you are already registered, login here
Yes
This will certainly be available before April and HMRC are hoping to make it available before the end of 2009. From that point you will be able to sign up to submit returns on behalf of clients using the new agent authorisation process for VAT which will be introduced in November.
Not able to do this yet?
As far as I was aware this option had not been enabled as yet? See Working Together 36.
We can register our clients for VAT but do not have the option to submit Returns on their behalf.
We are waiting for the switch to be thrown!
I'm sure that's what I said
Yes, it is coming later this year - we hope to see both facilities before the end of 2009 but the guarantee is it will be up before April 2010. (as per WT with a bit more inside knowledge)
VAT ONLINE
AT PRESENT AGENTS WHO ARE NOT VAT REGISTERED THEMSELVES CAN NOT GAIN AUTHORISATION TO FILE ONLINE. DOES ANYONE KNOW IF THE INLAND REVENUE ARE ADDRESSING THIS PROBLEM AS THERE MUST BE THOUSANDS OF AGENTS THAT OPERATE A SMALL BUSINESS AND ARE NOT VAT REGISTERED.