The Making Tax Digital deadline has finally arrived. As of 1st April 2019 all VAT registered businesses, with an annual turnover of £85,000 or more, are required to keep their records digitally and submit their VAT returns using an MTD compatible software.
Below is a handy table of when your first MTD compliant VAT return will need to be filed.
|VAT Return Dates||First MTD Return Due Date|
|1st April – 30th June 2019||7th August 2019|
|1st May – 31st July 2019||7th September 2019|
|1st June – 31st August 2019||7th October 2019|
Obviously, if you submit monthly VAT returns you are one of the lucky ones who get to go first and submit via MTD compliant software by 7th June 2019!
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.