When Do You Need To Start?
Most businesses and organisations within the scope of Making Tax Digital will have to submit VAT returns from compatible software from the start of their first full VAT period starting on or after 1 April 2019.
Quarterly VAT Periods
The relevant dates for businesses starting MTD from 1 April 2019 that file VAT quarterly are:
* If making payments electronically, otherwise 31 July, 31 August, and 30 September.
Monthly VAT Periods
For businesses on monthly VAT periods, the first mandatory MTD VAT period will be 1 April - 30 April 2019, with a submission deadlines of 7 June or 31 May 2019, depending on whether you pay electronically or otherwise.
When Do You Need AccountEdge 2019?
Current customers with an active Service Agreement can upgrade to AccountEdge 2019 now by clicking here.
We recommend you upgrade to AccountEdge 2019 as soon you can, once it becomes available. This will allow you time to examine the new VAT setup features and help you prepare for your first MTD VAT submission at the end of the period.
However, some points to consider are:
- You do not need AccountEdge 2019 in order to record transactions from 1 April 2019.
- You can upgrade to AccountEdge 2019 at any time prior to submitting your first MTD VAT return.