HMRC MTD letter?

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Anyone know when the letter from HMRC to vat registered traders letting them know about MTD is being sent? I still know of many taxpayers who haven't heard anything about it

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By SteveHa
02nd Nov 2018 11:56

HMRC said September. They didn't say which September.

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By Duggimon
02nd Nov 2018 12:33

April 2019

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Tornado
By Tornado
02nd Nov 2018 13:35

I suspect the problem is that the software that creates these letters is not ready yet and it will then require a one year pilot of 400,000 people to test it before the letters can be issued.

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Replying to Tornado:
By SteveHa
02nd Nov 2018 13:55

I asked Rebecca yesterday how close to the 400,000 HMRC with the pilot. She reckons they'll be lucky to hit half of that by the time mandation arrives.

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By david.bransbury
02nd Nov 2018 18:27

On the HMRC webinar last week, they said letters would be sent to the VAT registered businesses who qualify for the current pilot from 5 November 2018.

In answer to my question they don't have the information on who does or does not have to register. Individual taxpayers will have to decide for themselves.

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Replying to david.bransbury:
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By Matrix
03rd Nov 2018 08:07

Register for the pilot or register for MTD?

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Replying to Matrix:
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By david.bransbury
04th Nov 2018 14:17

At the moment if a client has zero rated or reduced rate supplies then the HMRC have no actual amounts of current VATable turnover.

Thus they don't know for certain who should applying MTD for VAT. For the majority of clients it would be obvious but for my client who has large exempt sales, a few margin scheme sales and some zero rated sales they will look at the total sales figure and assume yes.

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By JulieChan
05th Nov 2018 00:23

I haven't had a letter but I have been seeing information about it on accounting and business websites, and my accountant informed me about it earlier on in the year.

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PJ
By paulgrca.net
05th Nov 2018 12:56

You obviously missed the tweet!

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By John Stone
05th Nov 2018 14:16

According to the ICAEW man at the Lords Select Committee last month - some 40% of traders don't know about MTD and some 25% still keep paper records. The Committee Chairman (Lord Forsyth) said he thought we were heading for a 'car crash'. And yet.........on we go.

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By Kaylee100
06th Nov 2018 18:24

Ive seen it memtioned on the VAT notes they enclose / send occasionally. A small bit and sort of hidden away.

I dont know if thats what they are referring too. If it is, it will inform about another 1 percent who probably dont read such technical notices.

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