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.
Whether you submit your return online or by paper, HMRC must receive it and any VAT you owe must have cleared to HMRC’s bank account by the due date. For paper returns this is usually one month after the end of the VAT period but if you submit online and pay by one of the approved electronic methods, then you may get up to seven extra days for your return and payment to reach HMRC.
A&Z can guide you through this process so that you are compliant with HMRC’s requirements and avoid any associated penalties. Call Carole now on 07762 880052