The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
With effect from 1 April 2010 newly VAT registered businesses and businesses with a turnover of at least £100,000 have been required tosubmit their VAT return electronically via the HMRC website rather than in paper format.
With effect from 1 April 2012 all businesses, except for certain exempted business, are now required tosubmit their VAT return online as well.
If a business is legally required tosubmit an electronic return and it renders a paper VAT return it may incur a penalty.
Businesses meeting either of the following conditions are required tosubmit a VAT return electronically, via the HMRC website, with effect from 1 April 2010:
All businesses that were not already required tobe VAT registered from 1 April 2010, with the exception of the following business, who are still exempted from being required tosubmit an electronic VAT return:
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