How to ensure you’re ready for MTD for VAT in April 2022

by | Feb 21, 2022 | Wharncliffe News

Since 1 April 2019, VAT-registered businesses in the UK above the registration threshold (currently £85,000) need to submit their VAT returns using “functional compatible software” and store their VAT accounting records digitally.

This is part of HMRC’s ongoing Making Tax Digital (MTD) plans.

But as of 1 April 2022, all VAT-registered businesses will be required to use MTD for their VAT accounting.

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