HMRC Clarify Six Month Making Tax Digital for VAT (MTDfV) Deferral for Small Percentage of Customers

Published by Griffin Chapman on Thu, 18/10/2018 - 12:12pm
Making Tax Digital for Vat (MTDfV) Timeline
HMRC have updated and clarified the information on their website to reflect the latest position on the Making Tax Digital for VAT (MTDfV) service.
 
In particular, the mandatory date for a small percentage of customers has been deferred by six months from April 2019 to October 2019. 
 
These customers (c.3.5% of mandated customers) fall into the following categories:
 
  • Trusts
  • ‘Not for profit’ organisations that are not set up as a company
  • VAT divisions
  • VAT groups
  • Those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts)
  • Local authorities
  • Public corporations
  • Traders based overseas
  • Those required to make payments on account and annual accounting scheme users
 
To illustrate, HMRC have created the timeline graphic above to give an easy-to-digest chronology of the key MTDfV milestones. 

What Next?

Visit: Gov.uk website and Timeline Graphic

Call us: 01206 842000 

 

PDF: 
PDF icon Making_Tax_Digital_for_VAT_timeline.pdf
Published Date: 
Thursday, 18 October 2018