VAT and Making Tax Digital

Nov 30, 2021
Stephen is one of the firm’s tax partners. He specialises in income tax, capital gains tax, corporation tax, inheritance tax, and stamp duty land tax. He also specialises in advising property and construction businesses.
Making Tax Digital

On 1 April 2019 (this was not a joke!!) HMRC introduced Making Tax Digital (MTD) for VAT.  Businesses above the current VAT threshold of £85,000 have since needed to submit their VAT returns using “functional compatible software”.

As of 1 April 2022, all VAT registered businesses will be required to use MTD for their VAT accounting and to submit their VAT returns.  This will include an extra 700,000 businesses that are currently VAT registered but are below the current threshold.

Many of these businesses may not have the software available to do this but here at Hawsons, we can help.

Please contact us should you require any information on this or any other VAT problems you may have.

More from our tax experts

You can find all of our latest tax articles and tax resources here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

Free initial meeting

Stephen Charles

Tax Partner, Sheffield

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