HM Revenue and Customs (HMRC) have issued a reminder that from 1 April 2012 all VAT-registered businesses must file their VAT returns online and pay their VAT electronically. At present, only newly-registered businesses and those with a turnover of more than £100,000 per annum have to file and pay their VAT online.
The new rules will cover VAT returns filed for accounting periods beginning on or after 1 April 2012.
HMRC are advising businesses that do not already do so to start completing their VAT returns online now, so as to avoid any last-minute problems.
Once you start filing your VAT return online, you will receive an email alert to remind you when the next one is due. From 1 April, paper returns will no longer be sent.
For more information, see http://www.hmrc.gov.uk/vat/.