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.
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