MTD - What if I exceed the VAT registration threshold temporarily?

Summary

This guide explains what you need to do to comply with the requirements of Making Tax Digital (MTD) when you reach the VAT registration threshold.

Resolution

Once you've reached the VAT registration threshold you must comply with the requirements of Making Tax Digital (MTD). This is still the case if your taxable turnover subsequently falls below the threshold, unless you meet one of the other exemptions detailed in the HMRC VAT Notice 700/22: Making Tax Digital for VAT.

NOTE: From 1 April 2022, all VAT registered businesses must sign up for MTD for VAT, even if their taxable turnover is below the VAT registration threshold.  

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Solution Properties

Solution ID
200427112511998
Last Modified Date
Wed Mar 23 14:27:21 UTC 2022
Attributes
Product Details
Modules: Tax
Modules: VAT
Modules: Making tax digital
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