Are you a VAT registered business? Are you ready for Making Tax Digital?
The date that you must start Making Tax Digital for VAT will depend on when your VAT quarter ends.
The new rules come into effect on 1 April 2019, and they’ll rely on the “prescribed accounting period” which begins on or after that date. We’ve put together the table below to help you see when your first MTD-compliant VAT return must be submitted:
| VAT quarter ends | First VAT submission subject to MTD |
| March/June/Sept/Dec | 1 April 2019 – June 2019 |
| Jan/April/July/Oct | 1 May 2019 – July 2019 |
| Feb/May/Aug/Nov | 1 June 2019 – August 2019 |
If your business is subject to deferral (see our earlier blog post here), Making Tax Digital will apply to the first ‘prescribed accounting period’ starting on or after 1 October 2019. Your first MTD-compliant VAT returns will be as follows:
| VAT quarter ends | First VAT submission subject to MTD |
| March/June/Sept/Dec | 1 October 2019 – December 2019 |
| Jan/April/July/Oct | 1 November 2019 – January 2020 |
| Feb/May/Aug/Nov | 1 December 2019 – February 2020 |
Those on the annual accounting scheme will come into MTD at the start of the first annual accounting period, which begins after 1 October 2019.
Are You MTD Ready?
If you need a hand getting yourself set up for your first MTD-compliant VAT return, we can help!
