Making Tax Digital for VAT
All VAT-registered businesses are required to follow the Making Tax Digital rules by keeping digital records and using software to submit their VAT returns.
1 April 2019 UpdaBefore you sign up to Making Tax Digital for VAT you’ll need either:
a compatible software package that allows you to keep digital records and submit VAT Returns
bridging software to connect non-compatible software (like spreadsheets) to HMRC systems
ted as Making Tax Digital we
Benefits of MTD
Tax recording will be more accurate, providing fewer opportunities for errors, miscalculations and fraudulent activity.
The process will be faster and more automated for businesses, accountants and HMRC, helping them save valuable time
With the right software, Making Tax Digital will make it easier for small businesses to record and file their tax returns online.