Electronic VAT returns from 2010
HMRC has announced that it intends to withdraw paper VAT returns with effect from 1 April 2010.
This will apply to all businesses that register for VAT from this date, and existing VAT registered businesses that have an annual turnover exceeding £100,000 (exclusive of VAT). These businesses will have to complete their VAT returns online and make payments electronically.
Other businesses can still use paper returns, but it is expected that electronic returns and payment will be mandatory from 2012.