Budget 2011: online VAT filing for all
23rd March 2011
VAT filing is set to become compulsory for every registered business.
As from 1 August 2012, online registration for and deregistration from VAT will be compulsory for all.
What's more, VAT-registered businesses with a VAT exclusive turnover under £100,000 per annum will be required to file returns online as from 1 April 2012. Since April 2010, this rule has only applied to those businesses with an annual, VAT exclusive turnover exceeding £100,000 and newly registered businesses.