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.
An independent report commissioned by HMRC has been published on the impact of MTD for VAT on businesses.
The government has published a future roadmap for the extension of Making Tax Digital, impacting businesses below the VAT registration threshold.
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, …
HMRC publishes further guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT
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.