Help and Support for Making Tax Digital
The changes will apply to VAT customers for accounting periods beginning on or after 1 January 2023 The new system allocates a point for each late return. Points will last for 24 months and then expire – in the same way as points on your driving licence. There is also a ‘totting up’ process, and [...]
Updated: The soft landing period has been extended until April 2021 to help businesses deal with the Coronavirus crisis. When MTD for VAT launched, HMRC allowed a period of adjustment for businesses. The soft-landing period runs until April 2020 and provides flexibility while businesses put their MTD for VAT solution in place. Please note that this [...]
Currently, VAT filing dates remain as they were before the introduction of MTD for VAT.
It is possible to apply for an exemption from HMRC if: You cannot use computers, software, or the internet because of your age, a disability, or where you live You object to using computers on religious grounds Automatic exemption applies if: You’re already exempt from filing VAT Returns online Your taxable turnover is below the [...]
Businesses can find information here. Agents can find information here. Find the VAT Notice and Policy Paper here. Updated communications from HMRC can be found here. Get help from HMRC here.
First, you will need to arrange MTD for VAT software (MTDfVAT). Then, sign up with HMRC. You will need: Sole Trader: your National Insurance number Limited Company or Registered Society: your company registration number and your Unique Taxpayer Reference (UTR) for Corporation Tax Limited Partnership: your partnership’s company registration number, UTR, and postcode where you’re [...]
This error is displayed when the customer has not waited 72 hours for their VAT information to be migrated to the MTD service. This means that when the software attempts to call an obligation there is no data to return. HMRC recommend that agents and businesses should only attempt to submit a VAT return once [...]
Once you have submitted your first MTD for VAT return, you cannot go back to the old VAT 100 submissions, even if you fall below the VAT registration threshold. The only way to leave is to deregister for VAT.
HMRC recognise a CSV file as an acceptable form of digital link between the record keeping software and the MTD submission software.
Almost any software can interact directly with HMRC for MTD, but it’s a lot of work to do so. It is acceptable to use bridging software to submit the MTD for VAT return to HMRC.