New Forest

11/05/2022

Making Tax Digital (MTD) reminder

Making Tax Digital (MTD) for VAT has been extended to voluntary VAT-registered businesses, with effect from your first VAT return, starting on or after 1 April 2022.

For many businesses this will mean that your first VAT submission under the new rules will be for the VAT quarter 1 April to 31 July 2022, which will have a submission deadline of 7 August 2022.

You will need to:

  • Register your business for MTD for VAT
  • Keep your business VAT records digitally; and
  • Submit your VAT return using Making Tax Digital software

Ways we can help with the switch to MTD for VAT are:

  • Registering your business for MTD for VAT
  • Implementation and training on MTD compliant software
  • Keeping your VAT records and submitting your VAT return for you using MTD compliant software
  • Considering whether your business should remain registered for VAT

 

For further details, you can read our factsheet, or contact Andrew Kershaw on 023 8046 1245.

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