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12 March, 2019
Making Tax Digital for VAT is almost here! As we have mentioned before in this blog, VAT returns filed for periods commencing on or after 1 April 2019, may need to be filed using the new Making Tax Digital for VAT (MTD) protocols. The new filing obligations will apply to VAT registered businesses with turnover above the current VAT registration limit, £85,000.
To comply with MTD firms will need to file their returns – for periods commencing on or after 1 April 2019 – using software that can link with HMRC’s MTD servers. If you have been ignoring the advent of Making Tax Digital for VAT then you really do need to take urgent action immediately.
Readers affected, and who have not yet considered their options, should take advice, and quickly. We can offer advice on the use of appropriate software, but time is running out. Avoid last minute challenges and call now to discuss your options.
Blog post by: Ian Marlow