Anyone submitted their VAT yet, due 31 December 2011?

[ChrisPackit]

Just wondering what date the HMRC stated it would collect it.

Usually 10 to 12 days after the month end.

[SteelyDan]

If VAT is due at 31st Dec, then, naturally, it needs to be with them prior to that - and not just because it's NY eve. Mine's due at same time so will be sending mid Dec, just to be sure.
I got a nasty letter (and a guidance document) sent through one year because my payment arrived 1 day late - there happened to be a bank hol which affected delivery. They are pretty hot on late payments.

[northernladuk]

If VAT is due at 31st Dec, then, naturally, it needs to be with them prior to that - and not just because it's NY eve. Mine's due at same time so will be sending mid Dec, just to be sure.
I got a nasty letter (and a guidance document) sent through one year because my payment arrived 1 day late - there happened to be a bank hol which affected delivery. They are pretty hot on late payments.

I think the OP has the direct debit set up so this isn't a problem.

[tractor]

..

If VAT is due at 31st Dec, then, naturally, it needs to be with them prior to that - and not just because it's NY eve. Mine's due at same time so will be sending mid Dec, just to be sure.
I got a nasty letter (and a guidance document) sent through one year because my payment arrived 1 day late - there happened to be a bank hol which affected delivery. They are pretty hot on late payments.

If you file online, I think you get an extra 7 days.Check it out though first

[malvolio]

Reading between the lines, the real answer is to ensure the money is available in your company's current account from Dec 31st until it's paid.

If you can't arrange that, you're in trouble.

[ChrisPackit]

If you can't arrange that, you're in trouble.

No trouble. Have an invoice due to be paid on the 10th Jan, so wondering whether I'll be having a good Christmas or an EXCELLENT Christmas

[malvolio]

No trouble. Have an invoice due to be paid on the 10th Jan, so wondering whether I'll be having a good Christmas or an EXCELLENT Christmas

Wrong, wrong, wrong. VAT is not your money, it should always be immediately available and you should not be dependent on potential income to be able to pay it off.

[SimonMac]

If you file online, I think you get an extra 7 days.Check it out though first

Correct.

Although I have been benched for all of the quarter so its a Nil from me

[Scrag Meister]

Last year or so I have had my VAT taken by HMRC via DD.

They leave it in there until something like 6 weeks after quarter end.

So, I am due a return now 30th November and they won't take the money until approx 12th Jan 2012. Was good when interest rates were reasonable but not now, its just money in my account that isn't mine and I would prefer in some ways to be back doing my own bank transfer at the time I do my return.

[escapeUK]

Last year or so I have had my VAT taken by HMRC via DD.

Really? I wouldnt trust such an inept organisation to have direct access to my money, ahem my companies money I mean.