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.
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Elecronic Payment of VAT
I am now registered as a VAT Agent and have the authorities in place to act for clients for VAT.
I understand that electronic payments are required and I also understand that clients who prefer not to be involved in telephone banking can pay via the counter at a bank or post office and this will count as payment by electronic means.
So that I can properly advise these clients, does anyone yet know how to get hold of the Bank Giro payment slips which are necessary to make the payment
VAT Online - paying electronically
You can pay online as well as by phone. But to order payslips you need to either email them or phone. I use the HMRC website to find out how to pay - see here http://www.hmrc.gov.uk/payinghmrc/vat.htm
It says to order payslips "by telephone please call HMRC's payment helpline on Tel 01702 366376 or 01702 366314".
Hope this helps
-- Mel
Giro Slips
Thanks very much Mel
That was spot on


Online Service?
I have no specialist knowledge of VAT and VAT reporting, however the fact that it has been developed and is being run by HMRC fills me with a considerable amount of dread, particularly when one considers the situation as reported in the Daily Mail and the Payroll World websites.
http://www.dailymail.co.uk/money/article-1251585/Taxman-hid-truth-ta.html
Here's hoping that the senior management and staff in the Customs area of HMRC are more effective than their colleagues dealing with Income Tax and National Insurance.