MTD FAQ’s

  • Am I required to submit MTD submissions to HMRC?
    • If you are over the VAT threshold you must submit via MTD.
  • What if my company is below the VAT threshold?
    • You are able to continue to submit VAT through classic VAT return method, however you can still voluntarily sign up for MTD. However, once you have done this you will not be able to return back to the usual VAT return method.
  • I already submit my VAT through KashFlow – do I need to do anything for MTD?
    • Yes, from April 2019 the VAT submission in the software will cease to work. You will need to register for MTD on the HMRC website.
  • I am getting an error message when I have attempted to send my MTD Submission, how do I fix this?
  • How do I create a new VAT return through the new MTD Submissions?
    • You don’t need to, HMRC will contact KashFlow and send your next “Obligation”. An Obligation is the VAT period you will need to submit for.
  • What is an “Obligation”?
    • This is the VAT period that HMRC will generate for you and this will appear automatically in KashFlow under the Taxes tab once you have connected to HMRC.
  • When will the obligation be created in the Taxes tab?
    • The obligation will always be created before, or at the start, of the period for that obligation.
  • Will my submission/obligation be sent to HMRC automatically?
    • No, you will need to go to the Taxes, check the Details report to ensure all information is correct, and under the Actions column you will need to click “Submit to HMRC”.
  • I want to delete a submitted return to HMRC but I don’t know how?
    • You are no longer able to delete submitted returns.
  • My MTD submission has been received successfully, but I have found errors within the details – how do I correct these?
    • Please see this article on how to amend transactions that have been sent on a VAT return.
  • What is an “Open” submission mean?
    • This means the submission has not yet been sent to HMRC.
  • How to I amended items that are showing on an “Open” submission?
    • You can go back into invoices, purchases, or bank transactions and make any appropriate amendments. This will be pulled through to the “Open” VAT report straight away.
  • Can I view the details of my submission before I submit this to HMRC?
    • Yes, you can do this by going to the taxes tab and under the “Actions” column you have the options to “View Return Summary” and “View Return Detail”.
  • Can I view any training videos on how to use MTD through KashFlow?
    • Yes you can view the videos from here.  The password is “Training” to access.
  • Can I still submit my VAT return if I haven’t signed up for MTD?
    • Until April 2019, you can continue to file your VAT returns as normal. After April 2019, if you are below the VAT threshold you will also be able to continue submitting as normal.  If, after April 2019, you are above the VAT threshold then you are required to sign up for MTD.  Your normal VAT submission will fail.
  • When can I sign up to MTD with HMRC, and when would my first submission be?

I am a Partner.

  • I use KashFlow Connect and I have an agent login for MTD, am I required to use this agent again for all of my clients?
    • You can select which clients you wish to submit via your own agent login details. If some of your clients wishes to use their own MTD credentials they can also do this.

 

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