Making Tax Digital for VAT is currently compulsory for all VAT-registered businesses with a taxable turnover of over £85,000. From April 2022 this is going to be extended to all VAT-registered businesses.
Making Tax Digital for VAT is already in effect for VAT-registered businesses with a taxable turnover of over £85,000. Key dates to be ready for: April 2022 – Making Tax Digital for VAT; April 2024 – Making Tax Digital for Income Tax; April 2026 – Making Tax Digital for Corporation Tax.
Signing up for MTD is simple. MTD for VAT is going to be compulsory for all VAT-registered business from April 2022, get ahead and start digitally submitting your taxes now.
Start Simplifying Compliance VAT Service on Amazon with TBA Global