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MTD for VAT filing will become mandatory from 1 November 2022

  • Farrell & Farrell
  • Oct 13, 2022
  • 1 min read

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.

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Newry
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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.

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