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Vat Submission Deadlines

Pixie1Pixie1 Settling In NicelyPosts: 24Registered Users
Hi All,

Please could someone confirm....

If you file VAT on line do you have until the 7th to submit and to get the payment in?

I have been told it has to be submitted by the 31st and then the 7 days are to get the payment accross? But after reading the HMRC im not so sure?:001_unsure: Please could someone confirm.

Return in question: Nov 12 (Monthly Return Basis)

Many Thanks,

Pixie

Comments

  • jenny3549jenny3549 Trusted Regular Posts: 472Registered Users
    Hi Pixie,

    You have until the 31st of the month to submit. Doing it online just means that you are not subject to the vagaries of the post. If you pay online you have until the 7th to pay unlike paying by cheque when they must receive this by 31st also.
  • Pixie1Pixie1 Settling In Nicely Posts: 24Registered Users
    http://www.hmrc.gov.uk/vat/managing/returns-accounts/deadlines.htm

    I think the HMRC information is misleading.

    Thank you for your reply.
  • BluewednesdayBluewednesday Font Of All Knowledge Posts: 1,624Registered Users
    I believe return and payment have to be received by the 7th of the following month.
  • Rozzi RainbowRozzi Rainbow Trusted Regular Posts: 455Registered Users
    I believe return and payment have to be received by the 7th of the following month.

    This is what I always thought too. I have often submitted returns in the first seven days of the month, and not been aware of any problems. That HMRC link above states "You get seven extra calendar days to submit your online return and up to seven extra calendar days to pay any VAT due electronically". When you submit via HMRC's own website (as opposed to third party software) the due date on the return shows as the 7th.
  • Pixie1Pixie1 Settling In Nicely Posts: 24Registered Users
    Thanks guys.

    I read it as bing the 7th. But keep getting mixed opinions? Work colleagues have said it to be end of the following month and that the seven extra days are for payment only? :confused1:

    I guess the best bet is to call hmrc - and clarify.

    Many Thanks
  • mini_schnauzermini_schnauzer Trusted Regular Posts: 347Registered Users
    If you file vat return via paper then at end of the month 31st.
    If you file via online then by 7th of next month, along with payment.

    http://www.hmrc.gov.uk/vat/managing/returns-accounts/deadlines.htm#1
  • MonsoonMonsoon Font Of All Knowledge Posts: 4,025Registered Users
    File online by 7th, payment to reach HMRC by 7th. If a Direct Debit is set up, HMRC will take payment on or around the 10th, so this is by far the best way to pay.
  • T.C.T.C. Experienced Mentor Posts: 1,436Registered Users
    Agree with Monsoon!
  • Pixie1Pixie1 Settling In Nicely Posts: 24Registered Users
    Thanks all for your replies :-)
  • JodieRJodieR Experienced Mentor Posts: 1,002Registered Users
    Monsoon wrote: »
    If a Direct Debit is set up, HMRC will take payment on or around the 10th, so this is by far the best way to pay.

    ... so long as there's money in the account to pay it!.... and they haven't forgotten about the DD and paid it already...
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