Making Tax Digital For Vat

June 8, 2022 ⚊ 1 Min read ⚊ Views 108 ⚊ NEWS

HMRC has introduced MTD from beginning of April, to make easier and more effective for individual and businesses to declare and record their tax. For the VAT registered businesses whose taxable turnover is above the threshold limit have to keep certain digital records and must file their VAT returns directly from these digital systems.

Read details: https://bestukaccountants.wordpress.com/2022/06/06/what-you-need-to-do-if-your-business-not-mtd-compliant-yet/

Tags: VAT returns