Friday, 15 February 2013

New Online VAT Services

HMRC has made some changes and additions to the VAT online services. These services aren't functions used on a day-to-day basis, they will speed up and simplify notification procedures which have, until now, been slow to update.

So what are the changes?

The following actions can now be completed entirely online:

  • Changing your business and trading names
  • Amending your principal place of business address
  • Adding or amending business contact details (phone number, email address and website address)
  • Notifying a change of bank account details
  • Amending the period (quarters) your VAT return covers
  • Cancelling or applying for a VAT registration
  • Viewing or printing your VAT registration certificate
  • Applying to use the annual accounting or flat rate schemes
  • Attaching files, e.g. A scanned PDF document, to application etc.

As long as you are enrolled for the VAT online services you'll have automatic access to the new functions.

If you need help and assistance completing or updating your VAT details or registering for VAT and VAT online then contact Bookkeeping4u.

Ring 07792 080789 or email

Friday, 1 February 2013

Reasons (Excuses) for submitting Self Assessment Return Late

According to The Guardian, Around half a million people who still have not filed tax returns for the 2010/11 tax year are about to receive fines of at least £1,200 as HM Revenue & Customs sends out its latest round of penalty letters.

So what are 'reasonable' excuses?

Here are some examples that are acceptable:

a failure in the HMRC computer system
you registered for HMRC Online Services but didn’t get your Activation Code in time
your computer breaks down just before or during the preparation of your online return
a serious illness, disability or serious mental health condition has made you incapable of filing your tax return

And some that aren’t acceptable:

found the online system too complicated to follow
did not try to re-submit your return on time once a problem with the IT system was put right
left everything to your accountant to do and they let you down
forgot about the deadline
registered for HMRC Online Services after the filing deadline (eg 31 January for Self Assessment)

If you are submitting late and you need to appeal against a penalties you need to complete Form SA370

What's your excuse?