Are you sure you want to delete your account?
You have indicated you do not agree to our terms of use, do you wish to delete your account?
Login
person
lock_outline
Why not sign up?

You will also be registered for the agent to contact you via other means you provide, with information relevant to your property search.

Register
There was an error creating your account, please try again. If the problem persists, please contact us and we will investigate.
Password does not match


How would you like to be contacted?

MTD for VAT - Are you ready?

MTD for VAT - Are you ready?

Published: 06/02/2019 By Drupen Patel

What is happening?
Making tax Digital for VAT. This represents a major change in procedures for many VAT registered businesses

When?
MTD takes effect for VAT periods beginning on or after 1 April 2019 for most VAT registered businesses

Who?
A business that is voluntarily registered does not need to join MTD, i.e. those registrations with annual taxable sales of less than £85,000

How?
Voluntary registrations will continue to use the Government Gateway but businesses involved with MTD will have to submit their returns through HMRC’s API (Application Programming Interface) platform

What now?
It is important to be clear about what is required after April 2019 and which businesses will be included and excluded from the regulations. 
It’s key to understand which records need to be kept in a digital format and also the figures to record, e.g. what figures must be digitally recorded from sales and purchase invoices

If you require assistance in getting MTD ready we can help - call us on 020 8661 7878 or email bsg@turpinba.co.uk