Get your VAT cheque in early….

March 22nd, 2010  |  Published in Uncategorized

Changes to VAT legislation mean that if you are still paying the amount due by cheque, HMRC will not treat the payment as recived until the cheque has cleared.

If you are filing and paying electronically, that won’t be an issue, but if you are still on paper returns, you should get the return and cheque in early to avoid a possible penalty.

If possible, pay by CHAPS or direct debit, then this won’t be an issue.

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