Accountants

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Making Tax Digital (MTD) – time is running out!

Making Tax Digital (MTD) is the government requirement for businesses with an annual turnover above the VAT threshold (£85k) to submit their accounting information digitally every quarter, and from 1 April 2019 this means all VAT returns, and the digital records of the VAT return, should be submitted via MTD.

If you have a VAT quarter that begins in Feb 2019 and ends in April 2019, you don’t need to submit the April return via MTD. It is after April 1 that MTD will come into effect,