Making Tax Digital for VAT

From April 2019, VAT registered businesses with turnover above the VAT threshold (currently £85,000) have to:
  • Keep their records digitally for VAT purposes
  • Submit their VAT return information to HMRC through Making Tax Digital compatible software
You can find out more about the new legislation with our Making Tax Digital FAQs or by watching our short Making Tax Digital for VAT webinar.
 
This means that businesses within the scope of MTD for VAT  have to use accounting software (or bridging software if you use spreadsheets) to record all VAT invoices and receipts and will no longer be able to submit their VAT return manually via the HMRC Gateway – submissions will have to be made via a compatible digital software package.

Our handy flowchart explains the four steps you need to take to get set up.


If you have further questions about Making Tax Digital for VAT, or if you require help with compliance, please contact your usual Moore Stephens adviser.