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MTD when turnover hit by lockdown

Would HMRC disapply MTD for VAT?

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A VAT-registered company's turnover for 2019 was a little over £85K and HMRC issued a letter confirming that MTD must be used for 2020.

Due to lack of trading in recent months turnover for 2020 is expected to be hugely reduced.  Could HMRC be persuaded to allow non-MTD reporting?


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By AWeb72
26th Jul 2020 11:55

Maybe, but MTD for all VAT registered businesses will be compulsory in due course I'd imagine so it's only delaying the inevitable.

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By SXGuy
26th Jul 2020 14:20

Once you're in, you're in.

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