top of page
Search
  • Farrell & Farrell
    • Oct 13, 2022
    • 1 min read

MTD for VAT filing will become mandatory from 1 November 2022

All VAT-registered businesses must use Making Tax Digital (MTD) compatible software for their VAT returns from 1 November 2022.


From 1 November 2022, businesses that file VAT returns on a monthly or quarterly basis will no longer be able to submit their VAT returns through their existing VAT online account. They must file through MTD-compatible software. Therefore businesses that do not file their VAT returns through MTD-compatible software may have to pay a penalty.


If a business is already exempt from filing VAT returns online or if their business is subject to an insolvency procedure, they will automatically be exempt.

1 view0 comments

Recent Posts

See All

The Bank of England has announced today they will raise the interest rate from 4% to 4.25%. #bankofengland #interestrates

#hiring #accountant #recruitment #job #farrellandfarrell #hybrid #growingpractice

Just a reminder that any 2021/22 self assessment tax liabilities that are still outstanding should be paid to HMRC by this Thursday, 2 March to avoid late payment penalties equal to 5% of the outstand

bottom of page