Since April of this year, all VAT-registered contractor businesses with a turnover of £100,000, along with all new registrants of the tax, have been required to file VAT returns and make VAT payments online.

This is the claim from DSG chief John Browett who is not concerned by the impending VAT hike. Browett, who heads up Currys and PC World, said the effect of price deflation on technology products would offset the increase in VAT due to come in January 2011.