Making Tax Digital – Its arrived
As HMRC’s “Making Tax Digital” initiative draws ever closer, all VAT registered businesses should now be in their final VAT quarter before they have to be MTD compliant. This includes going through the specific sign up process, which has to be done after you have filed and paid (or had refunded) your final non-MTD return.
If you require assistance or guidance relating to Making Tax Digital, please contact Matthews Hanton and allow us to help you comply with the new requirements.
We recommend that VAT registered business owners either read the HMRC VAT Notice 700/22: Making Tax Digital for VAT, or contact us to discuss their next move.