Act now to avoid missing your VAT deadline

18th June 2019

We are approaching the end of the first VAT period where many businesses will be required to comply with Making Tax Digital.

If you are liable to be registered for MTD but have not registered you will need to do so before the first VAT return (April to June 2019) which is due to be filed (ie 7th August 2019) under the MTD rules. By not registering, you may have trouble filing the return using the existing systems, even where digital software is used.

If you submit your own returns, please make sure you register no later than two weeks before your first MTD-compliant return is due  - but no sooner than two weeks after the last non MTD VAT return has been filed to avoid complications with pre-MTD returns.

You will need to register for MTD through your online government gateway account.  If you need any help with this, please contact us.

For those businesses where HB&O submits VAT returns on your behalf, we will register you for MTD through our agent portal. This will result in an email being sent to you from HMRC asking you to verify your email address and accept electronic communications. Although we will then set you up for MTD, we would still encourage you to sign up for your own Business Tax Account.  If you need help with this, please get in touch. 

We’ve seen a very positive response from businesses switching to digital records in readiness for MTD.  For those VAT-registered businesses that are required to comply with the MTD regulations, which are not yet using MTD-compliant software, we strongly recommend you speak to a member of our team, as soon as possible, in order that we can talk through what your options are in this regard. 

For all MTD enquiries, please contact your HB&O contact on 01926 422292 or 02476 306029.