Month: June 2019
MTD for VAT
We have now reached the registration dates for MTD for VAT. For VAT periods starting on or after 1st April 2019 all VAT registered businesses over the VAT registration threshold must register for MTD and submit their next return under the new rules.
If you are using software that is MTD ready you will still need to register. If you do not yet have software in place, now is the time to get that organised. It doesn’t have to complicated. You can still use spreadsheets with bridging software and despite all th myths, you will not be sending HMRC all your transaction data, just the same boxes on the returns as previously.