Having a problem with your MTD for VAT software?

Posted on Feb 09 2021

If your business is having an issue filing an MTD for VAT return, it could be that your MTD software needs to be reauthorised.

HMRC requires that MTD software be reauthorised at least once every 18 months. There have been increasing reports of submission failures resulting from the need to reauthorise software. This is perhaps unsurprising given that the introduction of MTD for VAT was April 2019.

What to do

If you are experiencing problems with your MTD for VAT software, contact your software provider and request that they reauthorise it.

What is Making Tax Digital for VAT?

Making Tax Digital (MTD) for VAT is the first step in a government initiative to move virtually all tax and National Insurance Contribution management and payments online.

If you are a VAT-registered business with a taxable turnover exceeding the VAT registration threshold (currently £85,000) you must keep digital records for VAT purposes and send VAT return information to HMRC through MTD compatible software.

There are some exemptions from MTD. Further details about these can be found on gov.uk website here.

Further support

Here at Torgersens we have staff who are certified in the use of software from providers listed

by HMRC as being amongst those who are supporting Making Tax Digital. If you have a question, please give us a call on 0191 567 8611 or email me at martin.johnson@torgersens.com

The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.

About the Author

Martin Johnson

Partner

With expertise in advising family-owned companies on a range of tax, accountancy and business issues, Martin also has an in-depth knowledge of the automotive and property sectors. In addition, he provides advice on inheritance tax planning and financial management to owner-managed businesses. Martin leads the firm in developing its expertise in the buy-to-let sector, advising both residential and commercial property owners on relevant tax and legislation issues. A further element to Martin’s role is to build Torgersens’ relationships with banks, financial advisors and specialists in commercial and employment law to ensure that the firm’s clients have access to market-leading guidance.

To get in touch please e-mail martin.johnson@torgersens.com.