In a recent update, HMRC says it is pressing ahead with Lord Carter’s recommendation that the main business tax returns should be submitted online by 2012. HMRC plans to phase out the use of paper VAT returns from April 1 2010, and is running nationwide events to help taxpayers make the change.
From that date, business with an annual turnover of £100,000 or more excluding VAT, and all newly registered VAT businesses, will be required to file their VAT return online.
HMRC said paper returns would still be an option for the remaining VAT registered businesses, but cautioned that this choice would be reviewed in the run up to 2012.
