Posted by AdviserDirect on 07/19/2019

Making Tax Digital VAT return deadline looms

Making Tax Digital VAT return deadline looms

Businesses with an annual turnover above £85,000 are being urged by HM Revenue and Customs to sign up to Making Tax Digital before the 7 August VAT filing date.

Many of the 1.2 million businesses affected by the MTD rules, which became law for VAT periods starting on or after 1 April, will be required to submit their first quarterly VAT return to HMRC usingMTD-compatible software by Wednesday 7 August. If paying by direct debit, businesses must register by Monday 29 July.

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