The pilot is set to start in April 2018 and will be used by HMRC to ensure the new system runs as expected before it is launched properly on 1st April 2019.
Businesses will need to submit their VAT return using the new digital system and will have HMRC at hand to help with the process if they need it. It’s worth noting that those taking part can leave the trial at any time and they will not face greater scrutiny for participating, with all monitoring being used for test purposes only.
HMRC states: ‘As this is a new system, there may be some technical hiccups. HMRC has promised to do its best to address these swiftly, but if for whatever reason you find you no longer want to take part in the trial, you are free to leave at any time.’
An HMRC spokesperson commented, “HMRC recently started small-scale technical testing for VAT as part of plans for Making Tax Digital.
“We have been working with stakeholders throughout the development of MTD and a number of professional bodies have approached their members to encourage them to participate in the live pilot, starting in the Spring.
“This pilot will be widened over the coming months as further functionality is added.’
To find out more about contracting please contact Sophie on 01442 795 100 or email firstname.lastname@example.org