Apr-22 MTD VAT Changes – Are you prepared?
4th March 2022
From 1st April 2022, every VAT registered business will be required to file their VAT returns digitally through HMRC’s Making Tax Digital system.
This means all VAT registered businesses, regardless of their level of turnover, which hadn’t previously been submitting their VAT returns to HMRC via MTD compliant software, will now be required to do so.
What will you need to do?
- Sign-up to MTD
- Keep your VAT records digitally
- Submit your VAT return to HMRC through MTD compliant software
At Whitings, we have been getting our clients ready for MTD over the past 6 years by transferring their records over to digital software, such as Xero. We now have over 1000 clients on Xero that we assist with VAT returns and bookkeeping throughout the year (amongst many others using a variety of software packages). If you would like us to help get you prepared for MTD, please do get in touch, and we would be more than happy to assist you.
Disclaimer - All information in this post was correct at time of writing.
