15 July 2019
Services:
VAT & Customs Duty
Have you signed up for MTD for VAT yet? If not, you need to be aware that the deadline for filing your last non-MTD return is fast approaching.
MTD for VAT
You will have to apply for MTD if your business is VAT registered and has a turnover of £85,000 (the current threshold for the VAT registration limit) and over. If you do not have a turnover of £85,000 MTD for VAT is optional.
Deadlines
Deadlines for quarter ends are as follows:
| Quarter Ended | Deadline |
| 30th June | 17th July |
| 31st July | 16th August |
| 31st August | 13th September |
Applying for MTD for VAT
To apply, login to HMRC’s MTD for VAT website and using your VAT ID and password, you can apply for MTD for VAT filing.
Compliant Software
In order to ensure your software is compliant, you need to ensure you’ve granted authority for the software to interact with HMRC.
Software that you can use includes cloud accounting software such as Xero, spreadsheets with HMRC bridging software and/or bespoke software with digital linking capabilities.
How Haines Watts Darlington can help
Here at Haines Watts we can help you to understand Making Tax Digital. Get in touch with us today to learn how we can help.
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