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CLiP IT Solutions

CLiP IT Solutions Ltd
Construction Industry Accounts

phone: 01935 434 435
email: info@clipitsolutions.co.uk

MTD (Making Tax Digital)

Making Tax Digital rules apply from your first VAT period starting on or after 1st April 2019. A ‘VAT Period’ is the inclusive dates covered by your VAT Return.

Example – A business submits a quarterly return covering the period 1st March 2019 to 31st May 2019. The business will need to comply with MTD rules for the VAT Period starting 1st June 2019.

You will be notified by HMRC to request you register for Making Tax Digital. Once you register, any Return submitted from then on will have to be filed using MTD rules. Most companies are choosing to register only when they have submitted the last return they are able to using the existing rules.

With the above in mind, not all companies will have to submit using MTD straight away. Within CIA, you have the ability to submit using the existing VAT scheme or MTD. The default will be the existing VAT scheme.



We are being asked by a number of you who have holding companies or separate retirement funds, and are currently keeping spreadsheets to submit VAT manually, what the price would be for a very small company setup with Invoicing and Bank Receipts only, that will meet MTD requirements. To this end we have a single user/ single computer system for a one off price of £400 + VAT with an annual fee of £250 per annum (per company) that can be installed for you. For more information please call us on 01935 434435.

01935 434435