Making Tax Digital

[Ella Business]

Hi,
Does anyone know what happens if a business over the threashold is not ready for Making Tax Digital as they dont have an accounting system? They are looking to implement a new accounting system, however it might be that this wont be in time for them to make their next QTR VAT online - digitally.

Anyone knows what happens in this case?

Thanks

 

[UK Contractor Accountant]

https://www.icaew.com/technical/tax/making-tax-digital/mtd-guidance/mtd-for-vat-penalties

 

[JCresswellTax]

They get inspected, get their pants pulled down and their bottom smacked.

There is NO excuse for not being ready for this, it has been coming in for years.