HMRC have released a new statement regarding the implementation of Making Tax Digital.

The pilot service to trial the system went live in October meaning around half a million businesses with straight forward and up to date VAT affairs are now able to use it. VAT registered businesses with a taxable turnover above the VAT threshold are required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT returns from 1 April 2019.

However the recent statement released exceptions where implementation is deferred until October 2019 for customers who fall into one of the following categories: trusts, ‘not for profit’ organisations that are not set up as a company, VAT divisions, VAT groups, those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users.

See more on Making Tax Digital here.