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My name is Lyanne and I’m the managing director of Wilds. Welcome to our website we’re so glad you found us. There’s lots to take in on here but if you have any questions just fill in the contact form and we’ll get back to you.

Here at Wilds we’re all about helping you to achieve your ambitions. The Wilds team have already achieved some of theirs: completing a 6 marathon challenge, being able to do the school run and getting more involved in charity work. But enough about us we’d like to get to know you so if you would like to come in for a coffee and a chat to see if we could help you please get in touch.

 

When does MTD for VAT begin?

MTD for VAT is the first major phase in the Making Tax Digital initiative – the government’s plan to make tax administration more effective, more efficient and easier for taxpayers through the introduction of a fully digital tax system. VAT-registered businesses with turnover above the VAT threshold will be required to digitally record their bookkeeping and submit VAT returns using MTD-compatible accounting software.
Businesses under the scope of MTD for VAT will have to make their first MTD-compatible submission for the first VAT period starting on or after 1st April 2019. If a business has a VAT accounting period that spans the 1st April 2019 start date, the return for this period won’t fall under MTD. In this case, the return for the next VAT accounting period will be the first that has to be completed using MTD-compatible software.

For example, if a business’s VAT quarter runs from 1st March to 31st May 2019, the VAT return for this period wouldn’t need to be an MTD submission. The business’s first compulsory MTD VAT submission would instead be for the following quarter ending 31st August.

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