VAT Payment Gateway Rejecting Money

[DSLiverpool]

Well I tried to pay the VAT but 4 payments didnt go through, called the bank who said they approved all 4 but they were cancelled by the website. I cant get through to them on the phone as I guess lots of people are calling them - has anyone got this situation and how did you resolve it?

It will really piss me off to get a bking for late VAT because I cant pay them or call them.

[silobass]

Is your VAT not Jan - March? Ours isn't due until the end of April.

[DSLiverpool]

silobass said:

Is your VAT not Jan - March? Ours isn't due until the end of April.

No, I changed it all to fall in with an agency cashflow scenario it was set up as retail payment dates

[Eric Mc]

Most traders set up the VAT system so that the VAT is collected automatically from the business bank account by HMRC on the 12th of the month following the submission deadline date.

So, if you complete a VAT return for the Quarter January/February/March - the VAT return filing deadline date is 7 May and the VAT will be automatically collected on 12 May.

[DSLiverpool]

Eric Mc said:

Most traders set up the VAT system so that the VAT is collected automatically from the business bank account by HMRC on the 12th of the month following the submission deadline date.

So, if you complete a VAT return for the Quarter January/February/March - the VAT return filing deadline date is 7 May and the VAT will be automatically collected on 12 May.

We had that Eric but came off it as we are changing to the "other" system I think its called cash accounting for VAT where we only pay te VAT on cash received - its just a one-off issue I didnt see happening but will arrange a transfer directly.

[Eric Mc]

DSLiverpool said:

Eric Mc said:

Most traders set up the VAT system so that the VAT is collected automatically from the business bank account by HMRC on the 12th of the month following the submission deadline date.

So, if you complete a VAT return for the Quarter January/February/March - the VAT return filing deadline date is 7 May and the VAT will be automatically collected on 12 May.

We had that Eric but came off it as we are changing to the "other" system I think its called cash accounting for VAT where we only pay te VAT on cash received - its just a one-off issue I didnt see happening but will arrange a transfer directly.

The fact that you switched to "Cash Accounting" need not have changed the timing and manner of how the VAT was collected by HMRC. I have clients who use Cash Accounting and the y still use the automatic VAT payment system.