HMRC defer MTD for businesses with more complex requirements

22/10/2018

HMRC have updated MTD for businesses with more complex requirements

The exception is a small minority of VAT-registered businesses with more complex requirements. As part of planning for the VAT pilot, HMRC have made the decision to delay mandation for these customers until 1 October 2019 to ensure there is sufficient time to test the service with them in the pilot before they are mandated to join.

The Making Tax Digital deferral for 6-months applies to businesses who fall into one of the following categories:

trusts, ‘not for profit’ organisations that are not set up as a company, VAT divisions, VAT groups, those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users.

HMRC advise the deferral will apply to around 3.5% of mandated customers.

Full details from HMRC are below, but if you wish to speak to us in regard to MTD and your obligations please contact your local office.

https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital