22.03.2022
Making Tax Digital for VAT is coming ― are you ready?
HMRC urges VAT-registered businesses to sign up for Making Tax Digital for VAT before 1 April 2022.
Businesses are reminded to take steps to prepare for Making Tax Digital for Value Added Tax (VAT) before it becomes mandatory for all VAT-registered businesses from 1 April 2022.
Making Tax Digital is designed to help businesses eliminate common errors and save time managing their tax affairs.
To sign up to Making Tax Digital for VAT, businesses, or an agent on a business’s behalf, need to:
- check which software packages are compatible with Making Tax Digital for VAT
- keep digital records starting from 1 April 2022 or the beginning of their VAT period
- sign up and submit their VAT Return through Making Tax Digital
If businesses have not yet signed up to Making Tax Digital for VAT, they should do so now to ensure they are ready in time for the April 2022 deadline.
Posted by:
Payflow