06 March 2019 Amanda Darley, Head of Operations and Engagement
(Updated on 25 March 2019 after HMRC changed their guidance on 19 March).
Timing your sign-up to MTD can be very important to ensure that you don’t miss a payment (potentially resulting in a default surcharge penalty), or end up paying twice.
This is particularly important if you have subsidiary companies on monthly VAT returns and direct debits - even though HMRC has extended the window, you only have two weeks in which you can sign up for MTD. So those of you with subsidiary companies mandated for MTD from 1 April, take note!
I saw a version of these useful tables on a recent KPMG MTD webinar. They set out when you should sign up in different circumstances and I thought they were worth sharing:
Monthly Filing | ||||
VAT Return Period | 1st MTD Filing Period | MTD VAT Submission Date | When to Register for MTD | |
April | April | 7 June 2019 |
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Quarterly Filing | ||||
VAT Return Period | 1st MTD Filing Period | MTD VAT Submission Date | When to Register for MTD | |
Jan – March April – June July – Sept Oct – Dec | April – June | 7 August 2019 |
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UNIVERSITY VAT RETURNS | Feb – April May – July Aug – Oct Nov – Jan | May – July | 7 September 2019 |
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March – May June – Aug Sept – Nov Dec – Feb | June – Aug | 7 October 2019 |
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(Actual registration/sign up dates not included, in case HMRC change any details)
Monthly Filing | ||||
| VAT Return Period | 1st MTD Filing Period | MTD VAT Submission Date | When to Register for MTD |
October | October | 7 Dec 2019 | After your September submission | |
Quarterly Filing | ||||
| VAT Return Period | 1st MTD Filing Period | MTD VAT Submission Date | When to Register for MTD |
Jan – March April – June July – Sept Oct – Dec | Oct – Dec | 7 February 2020 | After your July – Sept submission | |
UNIVERSITY VAT RETURNS | Feb – April May – July Aug – Oct Nov – Jan | Nov - Jan | 7 March 2020 | After your Aug – Oct submission |
March – May June – Aug Sept – Nov Dec – Feb | Dec – Feb | 7 April 2020 | After your Sept – Nov submission |