Prepare your data for Making Tax Digital
Once you are ready to switch, you will then need to prepare your data in your account and check your vat settings are correct. You should also ensure that you’ve submitted all non-MTD VAT returns. You can’t switch to MTD if you have a draft, waiting or failed VAT return.
- 1. Go to Settings, then click Accounting Dates & VAT.
- 2. Check the following details are correct:
|VAT Scheme||If your VAT scheme is flat rate cash or invoice based you should also enter the flat rate percentage.|
|VAT Number||Your registered VAT number.|
- 3. Click Save.
You can’t switch to MTD if you have a draft, waiting or failed VAT return in Sage Business Cloud Accounting. To check if you have any:
- 1. Go to Reporting, then click VAT Returns.
- 2. Check the Status column. If any draft, waiting or failed returns appear in this window, you must either submit the VAT returns as normal or delete them from Sage Business Cloud Accounting.
You can then sign up with HMRC and switch. Please view our MTD check list.