Thursday, 09 February 2012

HMRC alerts businesses to tax changes

HM Revenue & Customs (HMRC) has launched a Super Podcast to alert businesses to major changes to the filing and payment of VAT, PAYE and corporation tax.

From 1 April, VAT-registered traders with annual turnovers of £100,000 or more (excluding VAT) will have to file their VAT returns online and pay their VAT electronically, while all businesses registering for VAT from April will have to file their returns online and pay electronically.

The HMRC Super Podcast can be downloaded from HMRC’s podcast pages at www.hmrc.gov.uk/podcasts.

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