{"id":19615,"date":"2019-09-12T15:34:45","date_gmt":"2019-09-12T15:34:45","guid":{"rendered":"https:\/\/smh.group\/?p=19615"},"modified":"2023-02-15T13:39:20","modified_gmt":"2023-02-15T13:39:20","slug":"deadline-spurs-surge-in-making-tax-digital-registrations","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/","title":{"rendered":"Deadline spurs surge in Making Tax Digital registrations"},"content":{"rendered":"\n

Businesses rushed for last-minute sign up for <\/strong>Making Tax Digital<\/a><\/strong><\/span> (MTD) before the first quarterly VAT submission deadline, according to figures from HMRC.<\/strong><\/p>\n\n\n\n

A blitz from software advertisers, and\nonline updates from the government, encouraged qualifying businesses to\nregister before by 7 August, the deadline for submitting their first quarterly VAT\nfiling using MTD. Sole traders and businesses registered for VAT over the\n\u00a385,000 threshold must file their VAT returns digitally since 1 April. <\/p>\n\n\n\n

Around half a million businesses completed\nregistration in the month leading up to the deadline, resulting in 90%\ncompliance by 1.2 million businesses affected by MTD. However, around 120,000\nbusinesses have not complied and may be liable for penalties, unless they have\nan exemption until 1 October. <\/p>\n\n\n\n

HMRC has said it is treating the first year\nof MTD with greater leniency than usual, keeping in mind that businesses need\ntime to adjust. Those that have missed the initial registration deadline, but are\nseen to be trying to comply, will not be sent filing or record-keeping\npenalties. <\/p>\n\n\n\n

Businesses already exempt from online VAT\nfiling before MTD will continue to be exempt. Those affected by disabilities, age\nor location factors or religious beliefs that make it harder to adapt to the\nnew system can apply for exemption.<\/p>\n\n\n\n

Once the \u2018soft-landing\u2019 period ends in\nApril 2020, the normal VAT penalty regime will resume and HMRC will issue fines\nfor late payment. Businesses that have defaulted on their VAT returns over the past\n12 months could receive a cumulative penalty that increases according to the\nnumber of defaults. More than six defaults across 12 months could result in a 15%\nfine of the total VAT due. Careless or deliberate inaccuracies in either under-\nor over-statements could result in 100% penalties. <\/p>\n\n\n\n

If your business qualifies for MTD, make sure that your software is MTD compatible and that you have registered. Keeping accurate records should ensure you don\u2019t receive any unwanted correspondence from HMRC next spring. <\/p>\n\n\n\n

To discuss how we can help your business with Making Tax Digital<\/a><\/span><\/strong> please contact one of our Accounting & Business Advisory<\/a><\/span><\/strong> on 0114 266 4432 or info@smhca.co.uk<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Businesses rushed for last-minute sign up for Making Tax Digital (MTD) before the first quarterly VAT submission deadline, according to figures from HMRC.<\/p>\n","protected":false},"author":4,"featured_media":18788,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3,4],"tags":[11,106,104,19,76],"class_list":["post-19615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smh-accounting-business-advisory","category-chartered-tax-advisers","tag-hmrc","tag-making-tax-digital","tag-mtd","tag-tax","tag-vat"],"acf":[],"yoast_head":"\nDeadline spurs surge in Making Tax Digital registrations - SMH Group<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deadline spurs surge in Making Tax Digital registrations - SMH Group\" \/>\n<meta property=\"og:description\" content=\"Businesses rushed for last-minute sign up for Making Tax Digital (MTD) before the first quarterly VAT submission deadline, according to figures from HMRC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/\" \/>\n<meta property=\"og:site_name\" content=\"SMH Group\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-12T15:34:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-15T13:39:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1034\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Brendan Hall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brendan Hall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/\"},\"author\":{\"name\":\"Brendan Hall\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"headline\":\"Deadline spurs surge in Making Tax Digital registrations\",\"datePublished\":\"2019-09-12T15:34:45+00:00\",\"dateModified\":\"2023-02-15T13:39:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/\"},\"wordCount\":347,\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png\",\"keywords\":[\"HMRC\",\"making tax digital\",\"MTD\",\"tax\",\"VAT\"],\"articleSection\":[\"SMH Accounting & Business Advisory\",\"SMH Chartered Tax Advisers\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/\",\"name\":\"Deadline spurs surge in Making Tax Digital registrations - SMH Group\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png\",\"datePublished\":\"2019-09-12T15:34:45+00:00\",\"dateModified\":\"2023-02-15T13:39:20+00:00\",\"author\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"breadcrumb\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#primaryimage\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png\",\"contentUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png\",\"width\":1034,\"height\":600,\"caption\":\"Making Tax Digital\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/devstagesite.co.uk\/smhgroup\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Deadline spurs surge in Making Tax Digital registrations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#website\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/\",\"name\":\"SMH Group\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/devstagesite.co.uk\/smhgroup\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\",\"name\":\"Brendan Hall\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g\",\"caption\":\"Brendan Hall\"},\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/author\/brendan-hall\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Deadline spurs surge in Making Tax Digital registrations - SMH Group","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Deadline spurs surge in Making Tax Digital registrations - SMH Group","og_description":"Businesses rushed for last-minute sign up for Making Tax Digital (MTD) before the first quarterly VAT submission deadline, according to figures from HMRC.","og_url":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/","og_site_name":"SMH Group","article_published_time":"2019-09-12T15:34:45+00:00","article_modified_time":"2023-02-15T13:39:20+00:00","og_image":[{"width":1034,"height":600,"url":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png","type":"image\/png"}],"author":"Brendan Hall","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Brendan Hall","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#article","isPartOf":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/"},"author":{"name":"Brendan Hall","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e"},"headline":"Deadline spurs surge in Making Tax Digital registrations","datePublished":"2019-09-12T15:34:45+00:00","dateModified":"2023-02-15T13:39:20+00:00","mainEntityOfPage":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/"},"wordCount":347,"image":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#primaryimage"},"thumbnailUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png","keywords":["HMRC","making tax digital","MTD","tax","VAT"],"articleSection":["SMH Accounting & Business Advisory","SMH Chartered Tax Advisers"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/","url":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/","name":"Deadline spurs surge in Making Tax Digital registrations - SMH Group","isPartOf":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#website"},"primaryImageOfPage":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#primaryimage"},"image":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#primaryimage"},"thumbnailUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png","datePublished":"2019-09-12T15:34:45+00:00","dateModified":"2023-02-15T13:39:20+00:00","author":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e"},"breadcrumb":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#primaryimage","url":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png","contentUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/01\/Tax3.png","width":1034,"height":600,"caption":"Making Tax Digital"},{"@type":"BreadcrumbList","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/deadline-spurs-surge-in-making-tax-digital-registrations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/devstagesite.co.uk\/smhgroup\/"},{"@type":"ListItem","position":2,"name":"Deadline spurs surge in Making Tax Digital registrations"}]},{"@type":"WebSite","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#website","url":"https:\/\/devstagesite.co.uk\/smhgroup\/","name":"SMH Group","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/devstagesite.co.uk\/smhgroup\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e","name":"Brendan Hall","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g","caption":"Brendan Hall"},"url":"https:\/\/devstagesite.co.uk\/smhgroup\/author\/brendan-hall\/"}]}},"_links":{"self":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/19615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/comments?post=19615"}],"version-history":[{"count":1,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/19615\/revisions"}],"predecessor-version":[{"id":24161,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/19615\/revisions\/24161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/media\/18788"}],"wp:attachment":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/media?parent=19615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/categories?post=19615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/tags?post=19615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}