UK:
Making Tax Digital – VAT Notice And Software Providers
10 November 2021
Hillier Hopkins
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VAT-registered businesses with a taxable turnover above the VAT
threshold (currently £85,000) have been required to keep
digital VAT business records and send VAT returns using Making Tax
Digital-compatible software since 1 April 2019. From 1st April 2022
that extends to all VAT registered businesses regardless of
turnover.
HMRC have published a
VAT Notice which provides technical guidance about Making
Tax Digital for VAT and also a
list of software developers and providers who are
currently supporting Making Tax Digital for VAT.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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