Making tax Digital for business owners

Hopefully by now you’re using software which is MTD compliant but there are still a couple of things to look out for:

1.Don’t forget that you will need to register with HMRC for MTD for VAT.

Go into your HMRC account (if you can remember the passwords etc) and sign up there. After that you should be able to use the new service through your software.

2.Watch out if you pay by direct debit as MTD is unable to process a submission under the old system and collect the DD under the new one. I suggest that you finish your final VAT return under the old system and wait for the final DD to be paid before you register for MTD for VAT