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MTD for VAT reg. but low turnover ?

Do my clients who are VAT reg. with turnovers under 85K have to comply with MTD ?

Didn't find your answer?

I need to be sure about this - it is a simple question but i cannot get a definative answer from either the agents helpline or VAT helpline

 

Replies (20)

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By Accountant A
24th Apr 2018 21:39

Answer's no - which I found via Google in 5 seconds

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RLI
By lionofludesch
25th Apr 2018 08:04

Why can't HMRC helplines use Google ?

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By bernard michael
25th Apr 2018 09:55

Does Google say what information HMRC want under MTD ?

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Replying to bernard michael:
RLI
By lionofludesch
25th Apr 2018 11:24

HMRC don't know that yet.

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By legerman
25th Apr 2018 11:43

You wouldn't expect the agents helpline to know, it's not part of their remit.

What answer did the VAT helpline give?

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Replying to legerman:
RLI
By lionofludesch
25th Apr 2018 11:56

Probably not part of their remit either.

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KCL
By davidakime
25th Apr 2018 14:57

Of course HMRC know - They just haven't told everyone yet

Their systems and trials are all up and running and from what I have heard going okay.

Just because the government caved into accountants witterings about the timescale, HMRC didn't stop and so are now 1 year ahead of the game

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Replying to davidakime:
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By Cheshire
25th Apr 2018 15:17

Their systems and trials are all up and running and from what I have heard going okay.

heard from whom?

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Replying to davidakime:
RLI
By lionofludesch
25th Apr 2018 15:28

davidakime wrote:

Of course HMRC know - They just haven't told everyone yet

Their systems and trials are all up and running and from what I have heard going okay.

Just because the government caved into accountants witterings about the timescale, HMRC didn't stop and so are now 1 year ahead of the game

So what would be the point of not telling everyone ?

Hinder people from complying ? Increase penalty yield ?

Mind you - I'm currently dealing with a Notice of Intended Prosecution for doing 37 mph past Linpac in Featherstone - which as anyone on the forum who knows the area will tell you is a 40 mph speed limit so, obviously, the Government are trying to up their game.

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By bernard michael
25th Apr 2018 15:02

But you can't have a game where only one side know the rules

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By John Stone
25th Apr 2018 15:45

Having cried wolf once (on MTD4incometax) and then backtracked - HMRC presumably don't want to be embarrassed again. Once they have actually circulated VAT registered businesses to the effect that MTD4VAT is definitely going ahead from 1.4.19, they really could not backtrack again (could they?). So they won't circulate until they are certain and as the MTD4VAT trials are only just beginning - that is unlikely to be for some time yet by which time 1.4.19 might be too close to be a practicable possibility.

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chips_at_mattersey
By Les Howard
25th Apr 2018 16:46

I understand that a large pilot scheme will be available to join later this year. I am recommending that eligible taxpayers join, so as to avoid the March/April rush next year.
At the same time I recommend that taxpayers speak with their accounts software providers, to ensure they are working on producing compatible software.

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Replying to leshoward:
RLI
By lionofludesch
25th Apr 2018 17:01

Ah - there's the nub, Les.

Most taxpayers don't have software providers. Nor do they want one.

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By accountability
26th Apr 2018 00:28

To Legerman

The vat helpline didn’t know the answer but promised a call back which I never received.
Oh for the old days when you could ring your clients local tax office and speak to a tax officer or even a Inspector ( without going through security )and get an answer.

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