MTD – The deadline is here now!

All VAT-registered businesses must now use MTD for VAT for their first VAT return starting on or after 1 April 2022.

You should ensure that you sign up to MTD at least five days after their last non-MTD for VAT return deadline date, and no less than seven days before their first MTD for VAT return deadline date.

Nearly 1.6m taxpayers had joined MTD for VAT as of December 2021 with more than 11m returns submitted. Around a third of VAT-registered businesses with taxable turnover below £85,000 have voluntarily signed up to MTD for VAT ahead of April 2022.

We can sign you up for MTD, although you remain responsible for meeting your VAT obligations. You risk a  penalty if you do not join MTD.

If you need any help, just get in touch.

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