CELERICA NEWS

September 2009 – VAT rate reverts to 17.5%

The rate of VAT changes back to 17.5% from 1^st January 2010, please make sure you are ready to implements this.

October 2009 - Electronic VAT return submission becomes mandatory

HM Revenue and Customs plan to phase out paper VAT Returns with effect from 1 April 2010, when it is expected that all VAT registered businesses with an annual VAT exclusive turnover of £100,000 or more, and all newly registering businesses, whatever their turnover, will be required to submit their VAT Returns online and make payments electronically.