Neil Warren answers some key questions about the new MTD regulations that will apply to most VAT registered businesses from April 2019
What is the starting date for MTD?
MTD takes effect for VAT periods beginning on or after 1 April 2019 for most VAT registered businesses. This means, for example, that a business with quarters ending February, May, August and November must join MTD on 1 June 2019. However, about 3.5% of the VAT registered population with more complex VAT affairs will not join until periods beginning on or after 1 October 2019. This list (not exhaustive) includes trusts, VAT groups or divisions, payment on account businesses and those that use the annual accounting scheme.