Is your business VAT registered and below the VAT threshold?
From 1 April 2022 Making Tax Digital for VAT (MTDfV) becomes mandatory for VAT registered businesses below the VAT threshold (currently £85,000). This will change the way you file your VAT returns and means you will need to file VAT returns directly from MTD compatible software. Within the software, there should be a digital record of daily takings, business expenses and ideally (although not essential) the business bank account transactions.
We want to make sure you have all the information you need so that you are prepared.
We’re putting on a virtual presentation with our own VAT experts to get businesses below the VAT threshold up to speed.
22nd February 2022
10.30 am – 11.30 am
Includes an online Q&A session with our VAT team
Hear from our VAT experts on:
- Overview of what Making Tax Digital for VAT is
- Preparing and submitting VAT returns to HMRC using compatible digital software
- Compatible digital software that is available
The information a VAT registered entity needs to provide to HMRC