Making Tax Digital - VAT

HMRC is making tax digital. Click here for their information page. Below is the excerpt relating to VAT:

“VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) are now required to follow the Making Tax Digital rules by keeping digital records and using software to submit their VAT returns. If you are below the VAT threshold you can voluntarily join the Making Tax Digital service now. VAT-registered businesses with a taxable turnover below £85,000 will be required to follow Making Tax digital rules for their first return starting on or after April 2022.”

I can help setup your accounting software so that you are ready for the April 2022 deadline. Or if you are new to business I can support you through the process of registering with HMRC and ensuring your software is enabled to do the reporting for you