Caithness Map :: Links to Site Map Great value Unlimited Broadband from an award winning provider  

 

Making Tax Digital For VAT Is Coming To All VAT-registered Businesses

14th April 2022

From April 2022, all VAT-registered businesses, regardless of taxable turnover, will be required to follow Making Tax Digital (MTD) rules.

This means using MTD-compatible software to keep digital records and submitting VAT returns through Making Tax Digital for VAT.

Businesses should start keeping digital records for their first VAT return period, starting on or after 1 April 2022, and sign up to Making Tax Digital for VAT at least 72 hours before their first return is due.

All VAT-registered businesses must now take steps to switch to Making Tax Digital for VAT if they have not done so already. We're writing to all businesses who have not yet signed up to remind them of the actions they need to take.

Further support on Making Tax Digital is available.
See https://www.gov.uk/vat-record-keeping