Does MTD For VAT Apply To Me?

Does MTD For VAT Apply To Me?

If you are an individual, sole trader or business (including a limited company) and you are already VAT registered, and you have VATable turnover of £85,000 or more in the 12 months ending 31 March 2019 then you come within the new MTD regime, unless you are exempt(see  below).

If your turnover is below £85,000 then you are voluntarily registered for VAT (assuming you are a UK business) and are NOT required to join the scheme.

Any individual, sole trader or business which is voluntarily registered for VAT or is exempt can still choose to join the MTD for VAT regime if they wish.

A business that must register for VAT after 1 April 2019 due to its turnover reaching the registration threshold in the previous 12 months must comply with the MTD for VAT rules as soon as they become VAT registered.