Webinars explain Making Tax Digital for VAT
From April 2022, all VAT-registered businesses, including those with a turnover below the VAT threshold, will have to keep VAT records digitally and send returns using Making Tax Digital (MTD) compatible software.
To help agents better understand the processes involved HMRC is running a series of webinars and has produced some instructive videos for its YouTube channel.
The webinars provide an overview of MTD, including digital record keeping, compatible software, how to sign up and submitting VAT returns directly from the business.
Participants can ask questions during the webinar by using an on-screen text box.
Register by going to https://tinyurl.com/5n8fwzcz
You can also view these short videos on HMRC’s YouTube channel:
• How to sign up to Making Tax Digital for VAT?
• Making Tax Digital for VAT – what is compatible software?
• Keeping VAT records digitally