Making Tax Digital - MTD
If you manage and run a VAT-registered business with a taxable turnover above the VAT
registration threshold you are required to keep digital VAT business records and send
returns using Making Tax Digital (MTD) - compatible software.
All VAT registered businesses should now be signed up for Making Tax Digital for VAT.
HMRC will sign up all remaining businesses to Making Tax Digital for VAT automatically
unless they are exempt or have applied for exemption.
You should now keep VAT records and submit VAT Returns using compatible software.
It’s important that you have the appropriate software package to deal with all these new requirements make yourself compliant with new HMRC requirements, we at Amin & Co Accountants made all the spadework and arrangements to cope with these new requirements so that our clients concentrate more on their core business instead of these complex taxation handling issues.