Making Tax Digital for VAT

As you are aware HMRC are introducing Making Tax Digital for VAT, for VAT registered businesses whose taxable turnover exceeds £85,000, for periods beginning 1st April 2019 onwards.  In order to submit your VAT Return under the new regime you will need to register with HMRC, please follow the steps in the link below.  When registering you will need to know your VAT number and current government gateway login information.

https://www.gov.uk/guidance/making-tax-digital-for-vat

When you have registered you will need to update the information in your software to allow submission under Making Tax Digital and you should no longer use the VAT online services to submit your VAT Return.  HMRC have stated that businesses who continue to file VAT Returns under the old regime will be penalised.

The sign up process for Making Tax Digital for VAT takes up to 72 hours to complete so will need to be completed before the VAT submission deadline.

It is not possible to sign up for the new regime until after you have submitted your final VAT return under the current system, please see below a timeline to assist in the registration process:

Monthly return from 1st April to 30th April 2019 Quarterly return from 1st April to 30th June 2019 Quarterly return from 1st May to 31st July 2019 Quarterly return from 1st June to 31st August 2019
Submission deadline for last non MTD VAT return  

7th May

 

7th May

 

7th June

 

7th July

Earliest you can sign up to new MTD for VAT 7 days after submission of last VAT Return 7 days after submission of last VAT Return 7 days after submission of last VAT Return 7 days after submission of last VAT Return
Deadline for signing up for new regime  

16th May

 

17th July

 

16th August

 

13th September

First MTD for VAT Return submission deadline  

7th June

 

7th August

 

7th September

 

7th October

 

If you require any assistance please do not hesitate to contact us.

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