In the dark on VAT filing obligations

A quarter of businesses are unaware of new VAT rules, leading to fears that small companies will lack the software to file their tax returns. Making Tax Digital comes into effect in April 2019 and will require businesses to keep an electronic record of all transactions on approved software to make VAT returns. A survey of 1,100 companies by the British Chambers of Commerce found that one in four business were not aware of MTD and its ramifications.

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