Making Tax Digital (MTD) for VAT is compulsory for all VAT registered businesses, for returns starting on or after 1 April 2022. This means returns must be filed using MTD software and digital VAT records must be kept.
From 1 November, the old HMRC portal for filing quarterly or monthly VAT returns will be
switched off. Businesses that file annual returns will still be able to use their VAT online account until 15 May 2023. HMRC will be writing to businesses that have not yet signed up to MTD for VAT.
The information in this article was correct at the date it was first published.
However it is of a generic nature and cannot constitute advice. Specific advice should be sought before any action taken.
If you would like to discuss how this applies to you, we would be delighted to talk to you. Please make contact with the author on the details shown below.
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