Tag Archives: making tax digital for VAT

LESS THAN 7 MONTHS TO Making Tax Digital for VAT (MTDfV) becomes compulsory

If your business is not already filing MTD VAT Returns and is VAT registered, regardless of whether your turnover is over or under £85,000, it will be become mandatory to file these directly with compatible software for the first VAT return period starting on or after 1 April 2022. If you have a VAT return…

Making tax digital (MTD) extended to more businesses

Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD) rules. Those rules require the business to keep digital business records and send VAT returns using MTD-compatible software. MTD for VAT is now being rolled out to all VAT registered…

Making Tax Digital for VAT (MTDfV) Update

Most VAT registered businesses that have a turnover above the VAT registration limit of £85,000 should now have filed at least their first VAT return under MTD. There are VAT registered entities who were given a deferment to filing, with most of these in the process of beginning to file under MTD. The one biggest…