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Have a question? Like to know more? - Contact us or Call +44-1865 292200 or +44-20 7436 4773, Mon-Fri 8:15am - 5:15pm
2 minute read
All UK businesses that are required to be MTD registered for VAT reporting purposes will from 1st April 2021 have to adapt their systems to meet HMRC’s new ‘digital links’ requirement as pure filing of the VAT numbers will no longer possible.
At present, this applies to VAT registered businesses (with yearly taxable turnover above £85,000).
The soft-landing period has meant that VAT registered businesses that had signed up to MTD were treated with leniency by HMRC in order to allow them to bed-into the new system.
What this means for you