Important Update On Making VAT Digital – Bodies covered by Deferred Implementation - 1 October 2019
The Chartered Institute of Taxation has circulated details of a letter which HMRC will be sending to all organisations affected by the delay to MVD implementation to 1 October 2019. It will important for any such body to ensure it is in receipt of the letter.
Those affected include:
- ‘not for profit’ organisations that are not set up as a company,
- VAT divisions,
- VAT groups,
- those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts),
- local authorities,
- public corporations,
- traders based overseas,
- those required to make payments on account, and
- annual accounting scheme users.
For background on the deferred date, those affected and MVD in general please see our earlier news item and do get in touch for assistance. We are already supporting a range of clients with our VAT specialist assistance on how to prepare for MVD and it is important to evaluate the MVD impact as early as you can in 2019 to ensure systems and people are ready for the changes to VAT accounting that will be required.