BBC radio 2

Did you hear our how to guides on Simon Mayo's Radio 2 Drivetime show?

You may have read about Howopia in The Telegraph?

How to file and pay your VAT online

5
Your rating: None Average: 5 (1 vote)
From 1st April 2010 it became mandatory for all UK businesses with a turnover of over £100,000 to pay their VAT electronically or online. The HMRC gives many advantages to this change in the way you have to pay your VAT. This is something that will probably be extended to all businesses that pay VAT. It is a relatively straight forward procedure, and this guide should help you through the steps required to file and pay your VAT through the HMRC website.
What you'll need: 
The Internet
Your VAT calculations
1: 
The first thing to do is to log on to the HMRC Online Services webpage. (The link is at the bottom of this page). This will take you to your online services page.
2: 
Click on the 'Access services' link and then the 'Submit a return' link. Then select the period you wish to submit your return for.
3: 
This page will lead you to a form that resembles the old paper form, with the boxes 1-9. You need to fill in the boxes in the same way as you would have done on the paper return.
4: 
To file your return once you have filled in the form, you will need to hit the submit button at the bottom of the electronic VAT form.
5: 
You will then be given a submission receipt.
6: 
You will be asked to pay your VAT electronically, you can pay in the following ways: Direct Debit, CHAPS transfer, internet, telephone or Bacs payment.
Tips: 
To include a minus number place a - (minus) sign in front of the figure.
You can print off a copy of your return for your records.
Warnings: 
Remember you will be required to pay electronically if you file your VAT online.

Comments

Post new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Featured writers

We have had a chat with a couple of our more experienced writers.

Find out more about their experiences and why they contribute to Howopia.

Spotlight on two writers.

Share this


How To guides

Howopia is a new website dedicated to bringing together a community of experts to create the most useful 'How To' guides, to help you to achieve almost anything.

Related links