While most businesses already submit their VAT returns online, this will be compulsory from 1 April for all VAT registered traders with a turnover of more than £100,000 annually as well as for all newly registered traders.
If you still pay your VAT by cheque, from 1 April HMRC will treat the payment as having been received by them on the day when cleared funds reach their bank account - so if you still pay by cheque you should be mailing it to them at least a week before the due date to avoid becoming liable to a penalty surcharge.
There's more about paying VAT here.
0 comments:
Post a Comment