It has been a while since I made a VAT return and it was always paper based when in employment. I have been swotting up on the online return and understand that you have the extended dealine (one month and 7 days) but that you must also pay via an electronic method. Can you submit the return online and pay at a later date?
The reason I ask this is that if I offered VAT returns as a service and completed an online submission, would the client be able to log-in to the system and see the completed return and make a payment?
I am a little unsure as to the process that people follow when doing client VAT returns so any help or advice into how this should be approached is much appreciated.
I do the online return and then pay the outstanding VAT later (normally same day or next) by internet banking bill payment.
So yes, the way that your thinking of should be fine.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Your clients could also set up a direct debit which HMRC would take at an even later date than the payment you/they would need to make by internet banking.
