Recently there has been more focus in the media about HMRC’s “Making Tax Digital” (MTD) changes and what it will mean to UK VAT reporting. MTD is about replacing any manual processes between the initial entry of source document data and the communication of VAT return information with HMRC.
VAT periods starting on or after |
Applies to |
|
1st April 2019 |
UK VAT registered organisations with taxable turnover over threshold. Some organisations including those in VAT divisions/groups, make payments on account and PLCs will still not be able to use MTD* |
|
1st October 2019 |
Most UK VAT registered organisations* |
|
1st April 2020 |
All UK VAT registered organisations* |
