Important dates to note if you file monthly VAT returns

By | 12 February 2019

As Making Tax Digital (MTD) makes its final approach, many businesses affected won’t be aware of the intricacies of getting ready for this big change and may miss important deadlines that could result in penalties if you end up paying your VAT late. One issue that has come to our attention is relevant to all those filing monthly VAT returns and paying by direct debit. If this is you, then please make a note of the 15th & 16th of May, and here’s why….


HMRC’s new MTD system requires 5 working days from the date you submit your VAT return before it will open the window to allow you to set up your MTD filing account. However, you must set up your filing account at least 15 working days before your filing deadline in order for your direct debit to be set up in time.

So, if you file your March 2019 return on 7 May 2019 and file your April 2019 return on the 7 June (at the latest!), that leaves only the 15th and 16th May to set up your MTD filing account. (Those filing quarterly returns they have longer to set up the MTD account - from 15 May 2019 to 16 July 2019).

For more general information and tips visit our MTD page and for details of our bridging software, please see our VAT Controller page.

Not sure if MTD affects you? Have a go at our MTD Checker.

For more help with MTD contact Ruth Corkin or Natasha Heron.

Get in touch today

  • logo-02
  • ICAEW_CharteredAccountants_BLK_RGB1
  • logo-05
  • logo-06

Hillier Hopkins is a trading name of Hillier Hopkins LLP, which is registered as a Limited Liability Partnership in England & Wales, No. OC303707. Registered Office: Radius House, 51 Clarendon Road, Watford, Herts WD17 1HP. Registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England & Wales. A list of members of the LLP is available at the above address. HH and Hi logos are trade marks belonging to Hillier Hopkins LLP. © Hillier Hopkins LLP.