As you are no doubt aware the deadline for enrolling for VAT online is fast approaching.

From 1 April 2010 it will be compulsory for certain businesses to register for HMRC's online VAT services. The businesses which will be impacted by this change will be those with an annual turnover in excess of £100,000 and all businesses newly registering for VAT on or after 1 April 2010.

Practical Implications

This requirement means that businesses will need to submit their VAT returns online and make the necessary payments electronically.

Payments made from UK banks should be sent to:

Account name: HMRC VAT
Sort code: 08 32 00
Account number: 11963155

The VAT registration number must be used as a reference to the payment to allow HMRC to allocate it correctly.