| Paper VAT Returns to be phased out from 2010 |
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| Wednesday, 26 August 2009 00:00 | |
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HM Revenue & Customs (HMRC) plan to phase out the use of paper VAT returns from 1 April 2010, when businesses with an annual turnover of £100,000 or more excluding VAT, and all newly registered VAT businesses, will be required to file their VAT returns online and make payments electronically. Paper returns will still be an option for the remaining VAT registered businesses, but this will be reviewed in the run up to 2012.
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