New firms urged to register for VAT online
by business editor Trevor Sturgess
Forget paper, use the internet. That's the message from tax
officials to new Kent businesses registering for Value Added Tax
for the first time.
Around four out of every five firms already register online, but
HM Revenue and Customs (HMRC) wants to shift more firms from paper
to web-based filing.
It claims registering for VAT online is easier, more secure
and faster than using a paper form, avoids postal delays and
provides on-screen help.
Businesses also receive an immediate on-screen
acknowledgment the application has been received.
Internet registration enrols firms for HMRC's VAT Online
service, enabling businesses to file returns online. The
certificate of registration is also available online.
The service allows firms to update their details and, if
necessary, cancel their registration.
HMRC's Gill Evans said: "Around four out of five new businesses
already register online for VAT. VAT returns must be submitted
online, and payments must be made electronically, so it makes sense
for businesses to get online at the first stage of the process by
registering via our website."
For details, visit www.hmrc.gov.uk or phone on 0845 010
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