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  • Farrell & Farrell
    • Jul 16, 2019
    • 1 min read

Making Tax Digital

Only 25% of VAT registered financial firms have signed up for Making Tax Digital (MTD) despite the deadline fast approaching. HMRC have stated ‘we won’t be issuing filing or record keeping penalties to businesses doing their best to comply’ in the first year. However sanctions could be put in place where non-compliance is deliberate.



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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.