MTD for VAT
It will soon be compulsory for businesses to submit their VAT returns digitally as Making Tax Digital become mandatory for all VAT registered businesses with turnover of £85,000 from the first period commencing on or after 1st April 2019. Check to see when your first return must be submitted under the new rules:
VAT QTR ENDS CHECK TURNOVER FOR FIRST MTD VAT RETURN DUE
Mar/Jun/Sep/Dec Year ended 31 March 2019 Qtr to 30 June 2019
Apr/Jul/Oct/Jan Year ended 30 April 2019 Qtr to 31 July 2019
May/Aug/Nov/Feb Year ended 31 May 2019 Qtr to 31 August 2019
It may be informative for you to follow the HMRC link regarding this issue:
How to sign up to Making Tax Digital for VAT
This YouTube video explains the step-by-step process to sign up a business to Making Tax Digital for VAT. Over 1 million VAT registered businesses will need to sign up for Making Tax Digital:
If you already have a Government Gateway login, you will need to use this in order to sign up for MTD for VAT.
If you are already using a Sage application for your accounts & VAT returns, Sage urges that you ensure your application is version 24 or above. You may need to upgrade. Please check your version under Help and About in your Sage Accounts package.
If you are using Sage Business Cloud [formerly Sage One] then your accounts & VAT returns will be MTD compliant.