Making Tax Digital Update

The decision has been made to delay implementation of Making Tax Digital until 1 October 2019 for VAT registered businesses with more complex requirements. This 6-month deferral applies to customers who fall within one of the following categories:
  • Trusts
  • ‘not for profit’ organisations that are not set up as a company
  • VAT divisions
  • VAT groups
  • Government departments
  • NHS Trusts
  • Local authorities
  • Public corporations
  • Traders based overseas
  • Those required to make payments on account and annual accounting scheme users
This 6-month delay will only apply to around 3.5% of mandated customers.
Read the full report here: https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital

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