Get in touch
We use cookies on our site to track usage and preferences. Learn more
Back to all news

What if your turnover is less than £85,000?

Posted on 22 Mar 2019 - Making Tax Digital

If you are not VAT registered and your turnover is under the current VAT threshold of £85,000 in any rolling 12 month period, you will not currently have to register under MTD for VAT. It is optional to register for MTD for those who are voluntarily VAT registered. Once your turnover goes over this threshold, you are required to register for MTD for VAT and start filing under MTD.

You are responsible for monitoring your turnover and registering for MTD.

Note that adjustments like reverse charges increase your turnover limit and may push you into MTD.

Once you are registered under MTD, you are not able to leave the scheme.

Expert insight and news straight to your inbox

Subscribe to our newsletter