HMRC Vat Return

To start the process you have to first contact HMRC Online Services and you have to enroll directly. To do this you simply visit their website and enter some basic information Such as your VAT number, the address of your place of business, etc. You will then be posted an activation code which you need to file within 30 days. If you are in a hurry to submit your return, HMRC will let you do so without activating the code,

But it's a good idea to do so anyway. This is because then you will be able to use other Hmrc Vat Return Services

Online VAT filing was adopted partly because it has some advantages over the old, paper system. One big advantage is convenience. You can file returns instantly at any time of the week, day or night, as and when it suits you. In addition, the system will store 15 months' worth of your VAT return. Another advantage is that you can receive email reminders from HMRC So that you know when your VAT return is due. This will also help reduce the chances of you failing to submit your return and then incurring penalty charges.

Once you have registered yourself with HMRC, you need to get some accounting software recognized by HMRC for online filing. There are many good programs available in the market. You can check on HMRC's own website which packages are recognized by them which helps. It can be a learning curve if you are new to bookkeeping packages but ultimately you will save time and money by registering your business transactions in such program. You can test accounting software,

and when you do check to see if you can submit your VAT return to revenue directly from the program. Keep your data up to date and you should then be able to see at a glance how much revenue you owe, which should also help pay your VAT bill. Print any confirmation references you should receive from HMRC. You should also print the VAT return for your own records. You also need to pay any money due electronically. Make sure to avoid any late payment charges that they reach HMRC on time. You can pay using your debit or credit card or set up a direct debit agreement.

Keep physical records of all these transactions so that you can prove the audit trail. In short, organizing your VAT filing online doesn't have to be complicated. All you have to do is to enroll with HMRC, Prepare your data using a reputed accounting program accredited by HMRC for online filing and when the time comes, send your VAT return online. If in doubt please contact HMRC directly. A test of some of the good accounting software recognized by Revenue for filing your VAT return is available from this link: