October 17 2018

Making Tax Digital: VAT – pilot and guidance

Source: IBFD Tax Research Platform News

From 1 April 2019, under Making Tax Digital, businesses registered for VAT with a taxable turnover above GBP 85,000 are required to keep their VAT records digitally and file their returns using software that is compatible with Making Tax Digital (MTD).

On 16 October 2018, HMRC: