HMRC Filing

VAT Online

From 1st April 2012, virtually all VAT customers will be required to file VAT returns online and pay VAT electronically - or they may face penalties.

For further information about filing returns online please visit www.hmrc.gov.uk/vatonline

For further information about paying you VAT electronically please visitwww.hmrc.gov.uk/payingvat

Tax Return Online Services can assist those client wishing to convert to online filing of their VAT returns either by taking over your vat return for you or by just filing your existing paper return online on your behalf - please email me for further details.

PAYE Online

It is now compulsory to file CT600 returns (Corporation Tax Returns) online to the inland revenue along with a set of you financial accounts in iXBRL format. Failure to comply with the system will result in a penalty.

Tax Return Online Services have been using this format to file accounts for several years now so you know our systems are tried and testing.

CIS Online

Under the present rules contractors have to validate each sub-contractor with the revenue. Failure to validate a sub- contractor will result in the sub-contractor being stopped at a higher level of tax. Contractors will also have to do a monthly return which will result in penalties for any lateness or error. Contractors will also have to issue payment schedules to each contractor on a monthly basis. Finally Contractors will also have to make a monthly declaration that their contractors are self employed and not employed.

At present these returns can be submitted both manually and online. However, the benefits of submitting online is an instant acknowledgment of your filing.

Tax Return Online Services can assist all contractors and sub-contractors with the filing requirements, either as a full or partial service.

Company Tax Returns

As from 1 April 2011 it will be compulsory to file CT600 returns (Corporation Tax Returns) online to the inland revenue. Failure to comply with the new system will result in a penalty.