For most people* this is the first time that their VAT return must be submitted online via MTD (Making Tax Digital) compliant systems. For the 30 June 2019 quarter this must be done by 7 August 2019 but do allow yourself extra time to sign up and get used to the new system.
Even if you’re already using suitable accounting software* there are still a few things that you need to do differently:
Further information on the sign up process is available from HMRC : https://www.gov.uk/guidance/sign-up-for-making-tax-digital-for-vat
For the first 12 months HMRC have confirmed that they will take a light touch approach to any penalties where businesses are doing their best to comply with the law on digital record keeping. If you need additional support then we will, of course, be happy to help.
* If you’re not sure if this affects you then give us a call on 0117 927 7301 and we’ll set your mind at rest.