Monday, April 25, 2011

How to file VAT online in UK? | Online VAT filing in UK

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From 1 April 2010 most VAT-registered businesses have to submit online VAT Returns and pay electronically. And by April 2012 this will apply to all VAT- registered businesses.

This guide explains what action you need to take to start submitting your VAT Returns online. It also tells you where you can get more information and advice.

When you must submit your VAT Returns online


You have to submit your VAT Returns online and pay any VAT due electronically if either of the following applies:

•you registered for VAT before 1 April 2010 and had an annual VAT-exclusive turnover of £100,000 or more for the 12 months ended 31 December 2009

•you registered for VAT on or after 1 April 2010 (regardless of your turnover)

In the case of the first group, you must continue to submit all your VAT Returns online (including nil and repayment returns) even if your turnover drops below £100,000 in the future.

From April 2012, all remaining VAT-registered businesses - those registered for VAT before 1 April 2010 with a VAT-exclusive turnover of less than £100,000 - will also have to submit VAT Returns online and pay electronically.

Even if you don't yet have to submit online returns and pay electronically, HMRC strongly recommends you sign up to using the online service before 2012. Using the online service saves you time and in most cases gives you extra time to submit your return and pay the VAT due.

Submitting your return online


The first step to submitting your VAT Return online is to sign up for VAT online services..You need to do this whether you choose to use commercial software or HMRC's free online service. Alternatively, you can use an accountant or agent to submit your returns online for you.

Paying your VAT electronically


When you submit your VAT Returns online, you must also pay any VAT due electronically. Paying electronically will normally entitle you to up to seven extra calendar days to submit your return and pay your VAT, unless you make annual returns or payments on account.

TelephoneVAT Online Services Helpdesk


For help using the VAT online facilities - including submitting your VAT Returns, changing your registration details, EU Refunds, submitting EC Sales Lists and Reverse Charge Sales Lists. Also, if you need information about the ‘known facts’ required to enrol for VAT Online services.

Opening hours8.00am to 6.00 pm, Monday to Friday

Closed weekends and bank holidays

0845 010 8500