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Everything you need to know about banking in QuickBooks Online - Discover more
William Holden
Level 1

MTD

Have used quickbooks for years what do i need for MTD

regards

William

1 REPLY 1
JonpriL
Moderator

MTD

Hi there, @William Holden.

 

A certain threshold requirement is needed for business owners, like you, to get working with taxes digitally in QuickBooks Online.

 

When a business has reached the threshold within or above £85K amount of annual taxable turnover, they'll be required to use MTD in submitting the VAT returns.

 

Kindly read and use this article to learn more: Everything you need to know about Making Tax Digital (MTD) for VAT with QuickBooks Online.

 

Now, you'll see the Submit with a Spreadsheet option when you've started and fully completed setting up the MTD settings. Let's check your profile to get started.

 

  1. Click Taxes.
  2. At the top, make sure you see your Enabled VAT Making Tax Digital badge.

 

The detailed steps are found in this article: Authorise QuickBooks to Interact with HMRC - MTD for Small Businesses.

 

Here are also articles that are good references while working with VAT:

 

 

Get back to me if you have additional questions about your VAT settings. I'm here to help you some more. Take care always!

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