Making Tax Digital for VAT (MTDfV) ushered in mandatory new requirements from 2019. However, the change isn’t just about VAT: MTD affects the very way that businesses keep accounting records. Click on the link below to view a factsheet provided by Practice Track outlining how you, your clients or employer can be compliant.
Further information can also be found via the links below:
Making Tax Digital: how VAT businesses and other VAT entities can get ready:
VAT Notice 700/22: Making Tax Digital for VAT: https://www.gov.uk/government/publications/vat-notice-70022-making-tax-digital-for-vat
Making Tax Digital for Business – stakeholder communications pack:
Check when a business must follow the rules for Making Tax Digital for VAT:
View the step-by-step guide to Making Tax Digital sign up for agents: https://www.iab.org.uk/pub/Signing_up_to_ASA_and_MTD_step_by_step_guide_JULY_UPDATED.DOCX.
Making Tax Digital for VAT pilot:
Further information for agents about signing up for the pilot can be found here:
Further information for businesses about the pilot can be found here: