Gone are the days of making manual payments of VAT returns. With the blessings of online facilities, payments of VAT return and many other such things is possible with online programs accredited by HMRC. The process of payments is easy with printable online receipts. Therefore, there will no mo troubles for late payments of VAT returns. However, before using any online software program for the payment of VAT returns, one must first visit the website of HMRC and type the name of the program. If it appears under the program lists approved by HMRC, then only the online VAT payments can be made via the selected program. Apart from choosing the HMRC accredited VAT submission software program, one has to primarily register his business house name online with HMRC. After all that is done, one is ready for making the VAT return payments.

The Process Of Making The Payments: All one needs is to keep enough funds in the bank account so that online transfers can be made without hassles. Then just by logging into the online Vat payment program and clicking on the options, the payments can be made easily. It is far quicker process than the manual payments and most importantly, it enables a person to pay the VAT returns within proper deadlines as it can be done anytime with a simple mouse click.

Generation Of Receipts And Storage Of Documents: After payment of the returns, the program automatically generates a receipt which is of course printable. So it is suggested to keep a hard copy of the receipt for future reference. Again, a confirmation about the receipt of the returns by HMRC will sent to the individual via e-mail. If the e-mail is not received, then one needs to check up with HMRC and sign up properly for getting the documentations correctly. After the VAT returns have been submitted successfully, a copy of the online transaction will be kept in the VAT account and will be available for 15 months. Yet, it is wise to take print outs of the transaction document for future references as because, all financial documents for six years at a stretch is required for verifications or other purposes.

Advantages Of Using Online VAT Payment Programs Of HMRC: previously, VAT payments were done in a traditional way through post boxes of the local tax offices. It was not only a long and tedious process but due to the requirement of visiting the office and then paying the returns, most of the time the returns would be paid late. However, with the online option available now, one can easily make the payments within seconds from anywhere on earth provided there are enough funds in the bank. As far as documentations are concerned, every receipt is available online and can be stored in hard copy after taking a print out of it. The proof of the transaction is also available in the VAT account. So one has to select the correct online software program and keep entering the data regularly into it and then making the payments on time with just a simple mouse click.