19 January 2022| CATEGORIES: Making Tax Digital| TAGS: Making Tax Digital, New HMRC rules, VAT
Making Tax Digital for VAT (MTDfV) will be extended to all VAT registered businesses with effect from 1 April 2022. HMRC recently issued a reminder for VAT registered businesses to take steps to prepare for MTDfV before it becomes mandatory.
23 September 2021| CATEGORIES: HMRC, Making Tax Digital| TAGS: Making Tax Digital, VAT, VAT News
An independent report commissioned by HMRC has been published on the impact of MTD for VAT on businesses.
22 July 2020| CATEGORIES: Making Tax Digital, VAT| TAGS: Making Tax Digital, MTD
The government has published a future roadmap for the extension of Making Tax Digital, impacting businesses below the VAT registration threshold.
2 March 2019| CATEGORIES: Making Tax Digital| TAGS: Making Tax Digital, MTD
With Making Tax Digital (MTD) for VAT coming into force in less than a month, businesses that have not yet decided on a software solution need to act now to meet the new digital requirements applicable from 1st April. As the timing coincides with the UK’s departure from the EU at the end of March, …
Continue reading “The countdown to 1st April has begun: Are you ready for the digitalisation of VAT?”
13 July 2018| CATEGORIES: Making Tax Digital| TAGS: Making Tax Digital, MTD, new VAT rules
HMRC has published VAT Notice 700/22 providing further guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT.