I was discussing this very problem with someone recently. I was thinking that my clients who will be affected all have March/June/September/December VAT returns - so the first time I need to think about MTD would be for the June returns, due 7th August.
The other person thought I'd have to submit my March returns under MTD, because their submission date falls after 1st April.
That link confirms what I thought.
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
For some reason Bazza has asked this Q also on Aweb but 2 whole days after it was answered on here. Have you lost your login B? www.accountingweb.co.uk/profile/bazzas
Your welcome Vince. Ive got a list of start dates for all my clients now so I dont have to think about it
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Funnily enough, where I am today there was a letter in the post from HMRC that clarifies it anyway* - it very clearly tells me that MTD will apply from "your first VAT Return for the period starting on or after 1 April 2019" (which was what I thought - and obviously confirmed by your link).
Which is good - that gives me until 7th August.
My other clients likely to receive such a letter will probably just dump it in a random pile and forget about it - but they have the same quarter, so the same applies.
* According to the director here this is the first thing he's received from HMRC about it.
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
Funnily enough, where I am today there was a letter in the post from HMRC that clarifies it anyway* - it very clearly tells me that MTD will apply from "your first VAT Return for the period starting on or after 1 April 2019" (which was what I thought - and obviously confirmed by your link).
Which is good - that gives me until 7th August.
My other clients likely to receive such a letter will probably just dump it in a random pile and forget about it - but they have the same quarter, so the same applies.
* According to the director here this is the first thing he's received from HMRC about it.
Funnily enough Vince, the client I was at today also had that letter waiting for me and that gives me until 7th August too
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Janet
They keep making the system idiot proof but then make bigger and better idiots!
HMRC are relying on Accountants/bookkeepers to tell their clients. I have done, but really why the hell should I did them out of a mess?
Not sure how HMRC are expecting the ones who have no prof bod on their side to have the feintest clue. Probably rely on the old 'ignorance of the law is no defence' line.
So many businesses have still to receive the letter. According to sources all the mandated ones will get them by the end of February, although as someone pointed out - they didnt actually state which February. Given its the 25th Im not holding my breath.
Loving your plan Doug - that is one way to get rid of 99.1% of my client base though.
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
An interesting discusson on a local Facebook group last week, potted version.
"I'm so annoyed, HMRC are expecting me to go out and buy new software when I've done it for years on spreadsheets, looks like I'm going to have to subscribe to Quickbooks"
"Yeah me too, I'm going to have to use Xero"
Me: "Google bridging software" Them: "Oh brilliant, thank you"
I bet the two main cloud providers are rubbing their hands with glee, as I'm sure there will be a lot of small businesses thinking the same.
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John
Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
And it couldn't possibly be that the management consultancies employed by the Government are the same ones employed by the accountancy software companies.... Me, cynical, not in a million!
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
