When To Sign-Up For Making Tax Digital For VAT

There are a number of rules that dictate when you should sign-up to Making Tax Digital for VAT. They're a little complex though ...

You shouldn't sign-up for it until after you've filed your final non-MTD VAT return. And don't forget the rule that a VAR return (and payment) must usually be filed within a calendar month +7 days after the VAT accounting period ends.

However, HMRC does offer a wide range of guidelines which will give you clarity on when you should sign-up to Making Tax Digital for VAT, and the earliest you can file your first MTD VAT return:

When you pay by direct debit, allow five working days after the filing deadline for your final non-MTD return before signing up for MTD for VAT, and must allow at least seven working days before the filing deadline to file your first return under MTD.
If you pay by non-direct debit methods, you must allow 24 hours after your last non-MTD return before signing up, and 72 hours after signing up before filing your first return under MTD.
If you've filed your VAT return late, and you pay by direct debit, you must allow five working days after filing late before signing up. If you pay by non-direct debit methods then, as above, you must allow 24 hours before signing up if you've filed your VAT return late.

Those businesses that pay by non-direct debit methods can register as early as April, but must allow at least 24 hours after filing their previous return before doing so. The latest sign-up date for MTD for VAT is 72 hours before the filing deadline of 7 August, although I recommend you sign-up far, far earlier than this.

If you'd like to find out more about Making Tax Digital for VAT then do give me a call on 01604 420057 or click here to ping me an email and let's see how I can help you.

Share the blog love ...

Précis (0)

More about Alison Mead ...

Alison loves bookkeeping and supporting bookkeepers. She has been helping clients to be better bookkeepers in Sage 50 for over 24 years and has been Xero Accredited in accounts and payroll for a number of years too.

She specialises in a very unique hand-holding method of training, helping bookkeepers and business owners to use their accounts software as and when they need support in setting up and producing their invoices, reports and financial information.

Alison combines her role at Silicon Bullet with her Forever Living network marketing businesses and is often to be seen at business networking meetings as she likes to keep busy.

You know what they say: if you want something done well ask a busy person!

Telephone:	01604 420057
Website:	https://www.siliconbullet.com

When To Sign-Up For Making Tax Digital For VAT

You should always check your deadline ...