Hi all,
I have a new client signed up last week. This client is an Amazon seller and registered for VAT on Annual scheme. Is there a way that I can change its scheme to quarterly using HMRC portal or I should need to send a form manually? No returns have been filed and neither any payment sent to HMRC as yet. Its about two quarters now.
Any thoughts?
Replies (5)
Please login or register to join the discussion.
I've got one client on Annual. He spends all his efforts working out his VAT on a seemingly hourly basis and reviewing his POAs. Yet he claims that it's great as it saves him admin time.....
Never done it but I believe you have to write in.
I haven't done it recently but you used to be able to request to change VAT Return frequency on a VAT484 form.
You probably can also do this using the Online Portal, I imagine through the Change Registration Details section
System pushed me to say "Yes" to a question saying that the business will always have refunds. I am not sure how pleasant it will be for HMRC to allow it if we say our business has mostly refunds to claim.Do you have a thought about it?
Yes. That question is aimed at businesses who get refunds having monthly returns.
Back in 1973, ALL businesses who expected refunds were issued with monthly returns. After a year or so, most of them said they weren't right bothered about the cash flow compared with the hassle of submitting three times as many returns and the norm became quarterly returns for all.