Customs to offer £50 online discount
Legislation placed before the House of Commons today will allow Customs to make £50 incentive payments to small businesses filing VAT returns via the internet.
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