Podcast to explain UK tax changes may be useful to ophthalmic practice owners

HM Revenue & Customs (HMRC) has a Super Podcast, to alert ophthalmic businesses to major changes in the way they file and pay VAT, PAYE and corporation tax.

The free, audio podcast highlights important VAT changes coming in on 1 April 2010, which mean VAT-registered traders with annual turnovers of £100,000 or more (excluding VAT) will have to file their VAT returns online and pay their VAT electronically, while all businesses registering for VAT from April will have to file their returns online and pay electronically.

The Super Podcast, featuring HMRC experts Stephen Banyard and Don Macarthur, also covers three other key areas: the need for all employers to file their Employer Annual Returns online from this spring; new penalties for late payment of PAYE being introduced in May; and key changes to corporation tax filing and payment coming in next year. Click here to listen.