Making Tax Digital
What is MTD for VAT?
FAQs » Pre Sales FAQs » What is MTD for VAT?
MTD stands for Making Tax Digital. It is part of HMRC’s ambition to become one of the most digitally advanced tax administrations in the world.
From April 1st 2019 (or October 1st 2019 for deferred entities), businesses registered for VAT with a taxable turnover above the VAT threshold need to:
- Keep and store their VAT records digitally
- Send VAT returns to HMRC using Making Tax Digital software
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