New Forest

23/09/2019

No VAT penalty if you missed the first quarterly MTD deadline

The window to sign up to MTD for your first VAT return has closed for the 7 August submissions (30 June quarter), if you pay via direct debit.

HMRC have said that they will not penalise you this time for missing the deadline, but that you must sign up to MTD once the first direct debit payment has been taken.

Although HMRC will not penalise you, they will send a letter telling you that you missed the deadline and asking you to take action.

For further information on Online Accounting or Making Tax Digital, please contact Julie Boyton on 023 8046 1241.

Latest Tweets

The budget was supposed to be on 6 November, but with the general election in December, there's uncertainty when it will be now. https://t.co/amjLGUxrRY

From 25 November, the Solicitors Regulation Authority (SRA) introduced new accounts rules and other changes to the sector https://t.co/Nch5tZZAfR

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.