Making Tax Digital filing on 7th August.

Why You Should Check The Registration Date of MTD!

Taxpayers who are in the scope of Making Tax Digital will be making their first MTD filing in 7th August!

MTD requires taxpayers to keep digital records for the period of April or later. Many of the taxpayers, whose taxable turnover above the VAT registration threshold (85,000£) to keep records in digital form and file their VAT Returns using software for the periods starting from 1 April, are now close to filing their first quarterly VAT returns as of 7th August.

  • The registration process for MTD takes from 3 days to 7 working days depending on paying direct debit or not.
  • If the taxpayers pay by direct debit, they should register at least 7 working days to HMRC before their VAT return is due.
  • If they are not paying by direct debit, they can register at least 72 hours prior to VAT return due date.

Below is the table, where you can find information on when to register according to your filing period and the starting period of MTD!

if not paying by direct debit: sign up latest by 03.08.2019

Group Filing Periods Due Filing Latest MTD Sign-Up Date MTD Start Period
 Stagger 1 01 Jan 31 Mar 07 May

if paying by direct debit:
sign up at latest by 27.07.2019

if not paying by direct debit: sign up latest by 03.08.2019

01 Apr 2019
01 Apr 30 Jun 07 Aug
01 Jul 30 Sep 07 Nov
01 Oct 31 Dec 07 Feb
Stagger 2 01 Feb 30 Apr 07 Jun

if paying by direct debit:
sign up at latest by 28.08.2019

if not paying by direct debit:
sign up latest by 03.09.2019

01 May 2019
01 May 31 Jul 07 Sep
01 Aug 31 Oct 07 Dec
01 Nov 31 Jan 07 Mar
Stagger 3 01 Mar 31 May 07 Jul

if paying by direct debit:
sign up latest by 26.09.2019

if not paying by direct debit:
sign up latest by 03.10.2019

01 Jun 2019
01 Jun 31 Aug 07 Oct
01 Sep 30 Nov 07 Jan
01 Dec 28 Feb 07 Apr

Why you need a long term solution?

  • Foriba SAP MTD Cockpit runs within SAP as an end-to-end solution and offers both On-Premise & Private Cloud options.
  • It has data analytic capabilities, and it can be customized easily upon your needs.
  • It is a tailor-made product with flexible solutions.
  • It can be adjusted according to your design, and it can connect to your internal and external data sources.

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