Newly registered businesses have to pay electronically but there are a number of methods available - direct debit, internet banking, standing order, bank giro. More information about these methods can be found here.
You may need to tell your client about the payment methods that are available but how they pay the VAT is the client's responsibility.
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Pearce & Co - Chartered Accountant and Chartered Tax Adviser
I have just spoken to HMRC - and they have said that this client can submit a paper return if they wish to do so (Note that I did make them aware that it was a newly registered business - provided them with the reg number to check)
I have just spoken to HMRC - and they have said that this client can submit a paper return if they wish to do so (Note that I did make them aware that it was a newly registered business - provided them with the reg number to check)
The guidance on the HM Revenue & Customs website is clear on the point that businesses that register for VAT on or after 1 April 2010 need to file online VAT returns. Despite the advice that you've been given, I suspect that your client hasn't received a paper VAT return so they won't be able to file it by paper anyway.
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Pearce & Co - Chartered Accountant and Chartered Tax Adviser
Ahhhhhh Robert what you seem to be unware of - is that it is impossible to file a online VAT until after the first VAT return has been completed!
I have just discovered this little problem due to the need to have the details of the LAST VAT RETURN in order to register to file online for a newly VAT registered client.
I think you will find all businesses must file their first return on paper, and then register to file returns thereafter online.
-- Edited by YLB-HO on Friday 30th of December 2011 11:54:33 AM
Ahhhhhh Robert what you seem to be unware of - is that it is impossible to file a online VAT until after the first VAT return has been completed!
I have just discovered this little problem due to the need to have the details of the LAST VAT RETURN in order to register to file online for a newly VAT registered client.
I think you will find all businesses must file their first return on paper, and then register to file returns thereafter online.
-- Edited by YLB-HO on Friday 30th of December 2011 11:54:33 AM
I'm afraid that it's not impossible. I filed a client's first VAT return online last month. You're right that when you register for VAT online, they ask for the final month and the box 5 figure of the last VAT return submitted. However, their guidance says to put 'N/A' and '0' respectively if you have not yet submitted a VAT return.
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Pearce & Co - Chartered Accountant and Chartered Tax Adviser
Robert Pearce wrote:I'm afraid that it's not impossible. I filed a client's first VAT return online last month. You're right that when you register for VAT online, they ask for the final month and the box 5 figure of the last VAT return submitted. However, their guidance says to put 'N/A' and '0' respectively if you have not yet submitted a VAT return.
Yes you are right - I stand corrected. Just registered a client on line for VAT submission as agent.
Thank goodness for your last post Robert. I was starting to panic. It didn't seem right that HMRC want everyone to file online except the first return, but that's what made it more believable.
