- Farrell & Farrell
MAKING TAX DIGITAL (MTD) FOR VAT
With effect from 1 April 2022 all VAT registered businesses (regardless of turnover) must keep digital records for VAT purposes and submit their VAT return information to HMRC using MTD functional compatible software. Businesses need to be signed up to MTD for their first VAT return starting on or after 1 April 2022.
Please find attached our summary below regarding Making Tax Digital for VAT.