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Protecting your data!

Are you aware that from April 2019 you will no longer be able to file VAT returns online with HMRC using your government gateway account?

From April 2019 all VAT registered businesses will be required to compile digital VAT records and file using the HMRC API token service.

Download our guide to how our MTD ready spreadsheet can help you file your VAT returns without the need for expensiveand complicated accounting software.

For further information on MTD please refer to the guidance on Gov.uk 

UPDATE ON MTD!

HMRC wont penalise businesses that missed the deadline - this time.

Businesses that missed the deadline for signing up for MTD, so can’t
file their VAT return using MTD software, won’t be penalised as long as
they file the VAT return on time using the old HMRC portal.

This information was provided in an email to tax agents from HMRC’s
MTD for Business Customer Readiness & External Stakeholder Team,
sent 1 August. The full statement says:

“If you have clients that pay by direct debit the sign-up window has
closed for the 7 August. Do not worry we won’t penalise them this time,
so file the old way and come back when the DD has been collected to sign
up in time to file the next return. Although we will not penalise them,
they will receive a letter from us telling them that they missed the
deadline and asking them to take action.”

An HM Treasury statement from Paymaster General Mel Stride confirms that the requirements for digital quarterly reporting were being stripped back to cover only VAT in a revised roadmap for Making Tax Digital (MTD).