HMRC to relaunch VAT Registration Service (VRS)
HMRC has been developing a new VAT Registration Service (VRS) which will speed up the process and automatically register businesses for Making Tax Digital
When will HMRC going to launch the new VAT Registration Service?
The new service will launch on 1 August 2022 and from that point onwards the existing system of registration will be shut off.
What are the key changes in new VAT Registration service?
One of the key changes is that every taxpayer will be automatically signed up to Making Tax Digital as part of registration, ‘removing the need for that extra step’, HMRC said.
HMRC has been testing the service over the past 18 months and over 37,000 businesses have registered their companies on the system.
The next step is to switch on the new functionality for agents, at which time HMRC will divert all new applications from the legacy service.
HMRC is warning agents that if they have incomplete, unsubmitted VAT applications for customers, that these are submitted by 31 July 2022 at 5pm.
Any partially completed, saved applications on the old service will be lost after this time. Agents will have the same functionality in the new service to save applications for up to four weeks before submitting them.
The service will go live on 1 August 2022.
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