The MTD for VAT pilot is now open to all.
The MTD for VAT pilot is now open to all who will be mandated to use the MTD service from April.
HMRC has stated that ‘The pilot is progressing well – over 3,500 businesses have already joined and we have seen a dramatic increase in daily take-up from around 10-20 a day when the pilot first opened, to well over 100 a day, with the number of daily sign-ups continuing to grow.’
It has indicated that it wants as many eligible businesses as possible to join the pilot ahead of the mandation in April and directs users to the support packs available (updated guidance for businesses, and the stakeholder partner packs on GOV.UK.).
Do remember that the first returns will not be due until 7 August 2019 at the earliest, but these businesses will need to be using compatible software from April.
We will have further updates next month on software and apps you can use as you help clients make the transition.
Article from ACCA In Practice