HM Revenue & Customs has deferred for 6 months the adoption of MTD for VAT registered groups. There will be a requirement to comply with MTD from the beginning of the first VAT period starting after 1st October 2019.
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Making Tax Digital for VAT – changes from April 2021
When MTD for VAT came into effect in April 2019, it introduced the requirement for VAT registered businesses with a turnover above the VAT threshold to keep the records in a digital format and submit their VAT returns via software.
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OneClick - A Bridging Solution for those not using MTD Compatible Software
Making Tax Digital (MTD) for VAT makes it mandatory for most VAT Registered businesses to keep electronic records and submit VAT Returns through compatible software. This commences from the first VAT period starting on or after 1 April 2019.
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Making Tax Digital for VAT – Some good news for easier VAT records for supplier statements and petty cash
Record payments based on supplier statements rather than invoices Historically, businesses have been required to record every single purchase …
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