From 1 April 2019 Making Tax Digital (MTD) for VAT came into force. 

The first businesses to file under MTD will be those filing monthly VAT returns, with April 2019 returns being filed in May. This will be followed by those filing quarterly VAT returns, for the period ending in June 2019.

What do you need to do when your deadline for switch to MTD submissions is approaching? We look at the steps to take.

Are you ready to file under MTD?

To register and make your first MTD VAT return submissions there are some checks you must make.

IMPORTANT: Before you proceed please note that once you sign up for MTD, from this point onwards you must submit your VAT returns under the new MTD system and can no longer use the old Government Gateway. So it is important that:

  • The last non-MTD VAT return you want to submit under the old Government Gateway has been reconciled and submitted (you can’t switch to MTD if you have a draft, waiting or failed VAT returns).
  • You will need to authorise the software or bridging software that you will be using. You will not be able to submit your VAT return if you do not have a compatible software in place when you sign up.
  • Check that your VAT details are correct in your software. You should check that the software you are using has the correct VAT scheme (flat rate or invoice based) and that your VAT registered number is correct.
  • You allow at least 5 working days after your last non-MTD VAT return submission and at least 8 working days before your first MTD VAT return submission is due. You should also note that businesses that currently pay VAT by Direct Debit cannot sign up in the 7 working days leading up to, or the 5 working days after their VAT return is due.

Contact our team

Contact us for a free, no obligation quotation or to discuss further if you are in any doubt as to what you need to do under MTD.

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