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Making Tax Digital - the next phase
Making Tax Digital (MTD) for VAT was introduced on 1 April 2019 for all business trading above £85,000 of taxable supplies, with an extension until 1 October 2019 for some businesses eg groups.
At present, only VAT registered businesses with a taxable turnover greater than £85,000 are required to register for Making Tax Digital (MTD) and submit their returns through compatible software.
Making Tax Digital (MTD) for VAT was introduced on 1 April 2019 for all business trading above £85,000 of taxable supplies, with an extension until 1 October 2019 for some businesses eg groups.
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