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 - 12:12pmHMRC 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
Published Date:
Thursday, 18 October 2018