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 Government has updated its information about the Eat Out to Help Scheme and you can get more help with registration, eligibility and how to offer the discount for the Scheme here:

https://lnkd.in/gR6yEMX

The New VAT Flat Rate Scheme percentages from 15 July until 12 January have been announced, which include:
•Catering 4.5%
•Pubs 1%
•Hotels and accommodation 0%

See: https://lnkd.in/dTnmU7p

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