To help you plan ahead, here is a change that can be predicted, arising from HMRC plans to change the bank account used for VAT payments and to phase out paper filing of VAT returns.

·        From 1 April 2010, all VAT registered businesses with an annual turnover of £100,000 or more excluding VAT must file their tax returns online and pay electronically.

·        From 1 April 2010, all businesses newly registering for VAT, whatever their turnover, must file their tax returns online and pay electronically.

·        Paper returns will still be an option for the remaining VAT registered businesses, but this will be reviewed in the run up to 2012.