Paper VAT returns
From April 2010 HMRC required most VAT returns to be filed online. However an awful lot of businesses have breaking the rules by sending in paper returns since that date. Up till now there’s been no penalty but this is about to change.
Businesses with a turnover of less than £100,000 which were registered by April 1 2010 can continue to send in paper returns but only to April 2012.
However for all other businesses the lenient approach ceases after March 31 2011. After that automatic penalties apply if paper returns are submitted
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