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HM Revenue & Customs (HMRC) are withdrawing the EC Sales List (VAT 101) plain paper submission method on 31 July 2006. Any data received on plain paper after 31 July 2006 will be rejected. To replace this, HMRC has launched a new service that allows businesses to submit their VAT 101 declarations via the Internet. There are two submission options available: an online form that can be accessed and completed on the website, or a XML or CSV file upload option, which is of particular use to those businesses who regularly submit in excess of 20 lines on their VAT 101.
To assist companies in complying with the new legislation, Pegasus has introduced the facility to create a XML upload file in Opera II (5.00) and Opera (3.41) when running the E.S.L. Report. Capital Gold Accounts (3.53.20) will also include a XML file generation option within the EC Sales List.
HM Revenue & Customs has published introductory information about the service and registration instructions on their website, please click here.
News Source: Pegasus