VAT Online: The final countdown
Nigel Harris outlines the requirements for businesses filing VAT returns online and summarises the penalties.
Most advisers and businesses know that online filing of VAT will be mandatory from April 2010. All businesses with turnover of £100,000 or more will be required to file and pay VAT by electronic methods from April, as will businesses that register for VAT from 1 April 2010, irrespective of size. This applies to VAT returns that cover accounting periods starting on or after 1 April 2010.