However, after a back-lash they relented, and now say that businesses can voluntarily pay the taxes filed quarterly (except VAT) if they so wish. HM Revenue and Customs orginally intended for quarterly payment of income tax and corporation tax along with the quarterly returns. VAT is the first tax to start, with quarterly Income Tax and Corporation Tax Returns to follow over the next few of years. Therefore, HM Revenue & Customs are now telling businesses that they must use third party software to file quarterly Returns (for VAT, Income Tax and Corporation Tax). ![]() ![]() ![]() HM Revenue & Customs is able to cut its costs, if it no longer has to offer free software and software support to businesses. HM Revenue & Customs wants to cut its costs and get paid taxes quicker.
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