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MTD – who must follow the rules from October 2019?

MTD for most businesses will be introduced for the first VAT return that begins on or after 1 April 2019. A small number of taxpayers have been deferred for MTD for 6 months and these are as follows:

WHO MUST FOLLOW THE RULES FROM 1 OCTOBER 2019

You must follow the rules for Making Tax Digital from your first VAT Return period starting on or after 1 October 2019 if your business:

  • is part of a VAT group or VAT Division
  • is based overseas
  • is a trust
  • is a not for profit organisation that is not set up as a company
  • submits annual returns
  • is a local authority
  • is a public corporation

For more details or if you have any questions please email Karen Keeling.