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Making Tax Digital: Deadline for Direct Debit Payments

Making Tax Digital for VAT began on 1^st April 2019. Most VAT registered businesses are affected and must keep digital records and file their VAT returns using HMRC-recognised software.

For those businesses which have a quarterly VAT period starting on April 1^st, the first deadline for filing VAT returns under MTD will be 7^th August 2019.

As Direct debits need to be set up in advance, businesses paying VAT by direct debit need to be signed up to HMRC by at least 29^th July 2019.

With that date fast approaching, make sure that you are MTD ready in plenty of time.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

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