Customs to offer £50 online discount

The one-off payments will be paid to VAT registered businesses with turnovers below £600,000 the first time they send in their VAT return via Customs’ new internet VAT return service. The service will be launched on 1 April 2001 and the incentive payments will be available for a period of one year.

Customs claims that some of the boxes on its electronic form will offer automatic calculation and that forms will be acknowledged with immediate online receipts.

Details of how to register with the service can be found online at the Government Gateway site or the Customs site

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