VAT paymentsDecember 21, 2011 Most businesses must now submit their VAT returns online, and this will apply to all VAT registered businesses from April 2012. Online filing gives you an extra 7 days to file, but the VAT due must also reach HMRC by the end of the extended filing period. The VAT payment will take at least 3 days to reach HMRC, even where it is made electronically (see link below for what HMRC regard as electronic means). Don’t leave your VAT form filing and payment to the last possible day as you will receive a surcharge for late payment. CKLG Accountants in Cambridge are here to help. |
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