| from Tuesday 1 November 2022 you will no longer be able to use your VAT online account to send VAT returns.
If you have not signed up to Making Tax Digital DO SO NOW!! Other wise you will not be able to submit your VAT returns. If you need any help please call us on 01609 882408 and will help you. |
| Businesses that file annual VAT returns will still be able to use their VAT online account until 15 May 2023. |
| By law, VAT-registered businesses must now sign up to Making Tax Digital (MTD) and use MTD-compatible software to keep their VAT records and file their VAT returns. |
| If you do not sign up for MTD and file your VAT returns through MTD-compatible software, you may have to pay a penalty. The best way to avoid penalties is to start using MTD now. |
| Even if you already use MTD-compatible software to keep their records and file your VAT returns online, don’t forget you must sign up to MTD before they file their next return. |
| What your business needs to do now, or they could face a penalty |
| If you haven’t signed up to MTD and started using compatible software already, you must follow these steps now: |
| Step 1. Choose MTD-compatible software that’s right for you ( Vicky Anderson Ltd can help with this) – you can find a list of software on GOV.UK. |
| Step 2. Check the permissions in your software – once you have allowed it to work with MTD, you can file their VAT returns easily. Go to GOV.UK and search ‘manage permissions for tax software’ for information on how you should do this. |
| Step 3. Keep digital records for your current and future VAT returns – you can find out what records they need to keep on GOV.UK. |
| Step 4. Sign up for MTD and file your future VAT returns using MTD-compatible software – to find out how to do this, go to GOV.UK and search ‘record VAT’. |
| If you file quarterly or monthly VAT returns must complete these steps in order to file their returns due after 1 November. |
Deadline approaching for Making Tax Digital for VAT – avoid penalties
