Paper VAT returns – March 2011
HMRC have issued a reminder to advise taxpayers that the due date for March paper VAT Returns and payments has been brought forward to 28 April 2011.
The deadline for submission of paper VAT returns is the last working day of the month following the end of the relevant accounting period. As the Royal Wedding on 29 April has been declared a bank holiday the last working day of this month is Thursday 28 April.
Cheque payments typically takes three working days to clear and the cleared funds must be in HMRC’s bank account by the deadline for submission of the paper VAT return i.e. by 28 April 2011.