Where customers are registered for VAT is essential that they are producing the correct information for the Customs and Excise. Where errors are made penalties and interest charges can prove a very expensive exercise. It is always advisable that professional help and guidance is administrated where VAT is concerned.
From April 2019 all business registered for VAT will have to submit their VAT returns through specified Accounting Software compatible with HMRC. Each VAT return will have to be digitally downloaded online direct to HMRC. This will enable HMRC to assess that compliance is to the standard required.