The Benefits of Submitting Your VAT Return Online
CATEGORY: PAYROLL UPDATE | POSTED: 12 Feb 2010

 

From 1 April 2010 many VAT-registered businesses will have to switch from paper to online VAT Returns. From that date, if your turnover is on or over £100,000 - or if you are newly VAT-registered - you will have to submit your return online and pay VAT electronically.

The VAT Online service is a quick, convenient, reliable and secure way of taking care of many of your VAT tasks. Submitting your VAT Return online offers a range of benefits including:

  • Speed - if you're not already registered to use HMRC Online Services, going through the online registration and enrolment process takes only a few minutes. You'll be able to file your return as soon as you've registered and enrolled for VAT services.
  • Security - all transactions are 100 per cent secure. You get a User ID and password which keeps your details safe and allows only you - or someone you authorise - to have access to that information.
  • Convenience - the service is available day and night, whenever is best for you.
  • Accuracy - there are automatic checks as you go along, and on-screen information and help is always available. This reduces errors and means there's less chance of having your return sent back to you to be corrected or for clarification.
  • Reliability - you don't have to worry about your return being lost or delayed in the post as you'll get an on-screen acknowledgment - including a unique submission receipt reference number when you finally submit your return.

For further information and advice, please contact K O'Brien on 0161 767 1271 or email kobrien@dtegroup.com.

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