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Making Tax Digital

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.

Making Tax Digital for VAT

Further information can also be found via the links below:

Making Tax Digital: how VAT businesses and other VAT entities can get ready: https://www.gov.uk/government/publications/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: https://www.gov.uk/government/publications/making-tax-digital-for-business-stakeholder-communications-pack

Check when a business must follow the rules for Making Tax Digital for VAT: https://www.gov.uk/guidance/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: https://www.gov.uk/guidance/agents-use-software-to-submit-vat-returns.

Further information for businesses about the pilot can be found here: https://www.gov.uk/guidance/use-software-to-submit-your-vat-returns.