Are you ready for the 7th August? The date for filing your first quarterly VAT return digitally

Posted on 18th July 2019 by Streets -  What's trending?

Image to represent Are you ready for the 7th August? The date for filing your first quarterly VAT return digitally

We are pleased to say that most of our clients are ready, in that they have not only registered for MTD but also have in place appropriate software or bridging software to deal with digital filing.  However, some do still need to get to grips with what is required.

Whilst there has been a dramatic increase in the number registering with HMRC, especially those engaged in agriculture, there is a relatively high number still to register. The rapidly approaching deadline means that there is pressure in the system to deal with registration efficiently and there are limitations on the support available for those looking to ensure all is in place.

For clarification, if you have a Quarter End June 2019 VAT return and your turnover is over £85k, this is your first return that must be filed under Making Tax Digital (MTD).

In order to be compliant, you need to:

1.      Register with HMRC 

2.      Ensure your software is MTD ready 

If you pay your VAT due by direct debit then you will need to ensure that you are registered by Friday 27 July.

Further information including our guide to MTD, FAQs and video guides 

Alternatively for further advice or assistance please contact your usual Streets contact.

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The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.


The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.

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