VAT

The public purse headed into the black last month despite the poor performance of the economy.

HM Revenue and Customs (HMRC) has set up a special helpline for those businesses affected by the riots that swept across several English cities.

HM Revenue and Customs (HMRC) has put forward recommendations that all VAT-registered businesses with a turnover below £100,000 should file their returns online.

HM Revenue and Customs (HMRC) has published a reminder that businesses, whatever their turnover, which registered for VAT on or after 1 April 2010 must submit their returns online and pay any VAT due electronically. By April 2012 this will apply to all VAT- registered businesses.

A leading business group has urged a targeted cut in VAT to boost business performance.

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