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Making Tax Digital (MTD) - VAT

mtd vat

Over the coming years, the government will phase in its Making Tax Digital (MTD) initiative, which will see taxpayers move to a fully digital tax system.

Read this fact sheet – Making Tax Digital for VAT, which provides a useful update and highlights some of the main issues that businesses might face when implementing MTD, which took effect from 1st April 2019.

Which firms does MTD for VAT apply to?
VAT returns
Keeping digital records and using third party software
Digital links
Transition and the soft landing penalty period
Exemptions

DRG Chartered Accountants provides a full range of VAT services to SMEs. If you would like to discuss MTD and VAT, please do get in touch with the DRG team.

DISCLAIMER: This information is for guidance only, and professional advice should be obtained before acting on any information contained herein. We will not accept any responsibility for loss to any person as a result of action taken or refrained from in consequence of the contents of this publication.

Posted 24 months ago Less than a minute to read

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