VAT Online - Are You Ready?
Compulsory online filing for VAT returns is here. The first period for which an established business with a turnover of £100,000 or more is required to submit their VAT return online is the quarter ending 30 June 2010. That VAT return is due in by midnight on 31 July 2010. In fact as the VAT return is submitted online the submission date is stretched to 7 August 2010, although a VAT repayment claim must still be received by 31 July.
Businesses who always receive VAT repayments can ask to complete monthly VAT returns, in which case the first period for which they must submit their VAT return online was 30 April 2010.
Once you start to submit your VAT returns online you will no longer receive a paper form from the VAT office, or any type of paper reminder so the onus is on you to file within the required dates.