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Online filing: a benefit to taxpayers

In 2006 a review of HMRC Online Services by Lord Carter of Coles was published which concluded that well designed online services can bring benefits to taxpayers and the Government. Since 2008, certain businesses have had to file PAYE and VAT returns online and this has been gradually phased in to affect more and more businesses. The review set a goal that HMRC should aim for all businesses to be filing returns online by 2012. Further regulations are due to come into force in April 2010 as follows:

- All PAYE year end forms (P35, P14) are to be filed electronically for almost all employers

- Businesses who are newly registered for VAT, or those who have a turnover above £100,000 will have to submit their VAT returns online and pay electronically

By 2012, all businesses will have to submit PAYE ‘in year’ forms and VAT returns online.

Getting ready for the changes

If you think you will have to submit your PAYE or VAT returns online, you should take

the following actions:

1. Register with HM Revenue & Customs’ (HMRC’s) free online service and activate your service within 28 days of receiving a Personal Identification Number (PIN) in the post. You will need to do this to submit your PAYE or VAT Return online, whether you choose to use commercial software or HM Revenue & Customs’ free software

2. Identify your preferred form of electronic payment – e.g. direct debit, internet banking – and set up the necessary arrangements. If you are unsure whether you need to comply with the legislation coming into force in April 2010, or want advice on how to file returns online and set up electronic payments, then please contact your nearest Moore and Smalley office.

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