Saturday, March 3, 2012

Taxing questions

Every month in the Journal, Matthew Williams, a charteredaccountant and chartered tax adviser at Carmarthen-based LH Phillips& Co will be answering your tax questions.

If you have any questions for Matthew contact him at the addressbelow.

Q WE have recently received a notice from HMRC regarding our VATreturn, which now needs to be submitted online from April. We do notuse computers a great deal, and we wondered whether we could beexempt from doing this? A UNFORTUNATELY, all businesses with aturnover of more than Pounds 100,000 and all new VAT registeredbusinesses have to submit their VAT returns online from April 2010and pay the liability electronically.

There …

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