Paying VAT

[Nixon Williams]

I assume that I would still need to tell HMRC how much to take so I don't see where the advantage would be

HMRC know how much to pay automatically when you file the VAT return online, so there is no need to advise them separately.

It is very simple and easy, although once it has been set up, as TheFaQQer said, do not pay them again, leave it to HMRC and the DD system.

[TykeMerc]

I make an electronic payment from my account at Santander about 1 week before the end of the month when it's due. I just live a happier life knowing that HMRC got their money a bit earlier and hopefully, they're happy too in return.

I submit payment as soon as the VAT return is sent. I prefer to get things like VAT and Corp Tax paid quickly so it's out of the way.

I'm more comfortable knowing things are resolved early.

[mudskipper]

Don't forget, when you first register, you can reclaim VAT for things you've already bought. Even if you're on the flat rate scheme. I didn't know that when I registered or I'd have bought more stuff first!

HM Revenue & Customs: Purchases made before VAT registration

[escapeUK]

HMRC know how much to pay automatically when you file the VAT return online, so there is no need to advise them separately.

It is very simple and easy, although once it has been set up, as TheFaQQer said, do not pay them again, leave it to HMRC and the DD system.

I would never let such a incompetent organisation have direct access to my money. Dont worry about remembering they always send you a reminder letter, but strangely never a confirmation of payment. I wonder why... lol