What is MTD for VAT? In very simple terms, MTD for VAT requires VAT registered businesses with annual VAT-able sales of over £85,000 to keep their VAT records digitally and use MTD compatible software ...

No more leaving your self assessment until the last minute - Making Tax Digital means changes to your record-keeping ...

If neither of these is applicable, but you believe it’s not reasonable or practical for you to use computers, software or the internet to be MTD for VAT compliant, you can apply for an exemption.

The moment has arrived: as of 1 April, the majority of companies that are VAT registered must comply with Making Tax Digital (MTD), the new system whereby businesses must keep records digitally and ...

Does MTD apply to all small businesses? As stated above, MTD for VAT software will apply to all VAT-registered businesses, regardless of their taxable income. According to HMRC, if it’s not possible ...

As the deadline for Making Tax Digital (MTD) for VAT approaches, accountants urge businesses to choose wisely when it comes to adopting MTD compliant software to ensure a smooth transition. “The first ...

From 1st April 2019, every VAT registered business with a turnover higher than the £85,000 threshold will have to keep their records digitally and send VAT returns using MTD compatible software ...

Making Tax Digital (MTD) for Business will see a significant wave of businesses, self-employed individuals and landlords required to update their tax obligations through accounting software.

Any uncertainty (or hope) that MTD for VAT will not go ahead as planned from 1 April 2019 was removed in the Spring Statement, with the Government expecting businesses to do their best to comply ...

Do it - now! There's plenty of solid advice out there from the major software providers and professionals but basically, it boils down to this. If you have a VAT return period that starts after April ...