Most businesses with VAT return periods beginning on or after 1 April 2019 will need to comply with the regulations mandated for VAT.
For businesses with “more complex” VAT, this date has been deferred to 1 October 2019. This delay applies to trusts, not for profit organizations not set up as companies, VAT divisions, VAT groups, public sector entities such as government departments and NHS Trusts. The latter will have to provide additional information on their VAT return.
The delay also applies to local authorities, public corporations, traders based overseas, those required to make payments on account, and annual accounting scheme users.For more information visit here for the statement on Making Tax Digital made by Mel Stride, The Financial Secretary to the Treasury.
Contact us for more information.