Skip to main content
June 27, 2019
Question

My Year start is October, decided to go digital as Obviously signed up for MTD. Do I need to enter all account info to date before I do MTD for this period ?

  • June 27, 2019
  • 1 reply
  • 0 views
Original commenter did not share additional details

1 reply

katherinejoyceO
June 27, 2019

A warm welcome to you here in the Community, @JAK66

 

Making Tax Digital (MTD) for VAT became mandatory starting in April 2019. Thus, making QuickBooks Online fully MTD ready to help those affected businesses keep up with the HMRC mandate. 

 

If your fiscal year will start in October this year, you'll need to start accounting your business transactions by October. If your fiscal year started October last year, then you'll need to enter account information beginning April 2019. 

 

For more information, refer to this help article: Making Tax Digital (MTD) - FAQ. It has answers to common questions about MTD. You can also read through: MTD Bridging Software - what is manual intervention? It helps you Understand digital links and manual intervention. 

 

Feel free to post again for your other concerns. We're delighted to help. Cheers!