Who has to switch to online VAT Returns?

From 1st April 2010 you will have to submit your VAT Returns online and pay any VAT due electronically if either of the following applies:

• you have an annual turnover of £100,000 or more (exclusive of VAT)
• you register or should have registered for VAT on or after 1st April 2010 (regardless of your turnover)

If you fall into either of the groups mentioned above, you will have to file all your VAT Returns online (including nil and repayment returns) even if your turnover drops below £100,000 in the future.

If your accounting system is not capable of linking directly to HMRC for the submission of VAT Returns please give us a call on 01228 594682 to discuss your options.