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
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
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From the 1st of April 2022, all VAT registered businesses must abide by the Making Tax Digital for VAT (MTD) rules by making their tax records digital.
The records that need to be kept digital are:
It is required that all the businesses’ transactions are made digital. However, paper records such as receipts and invoices do not need to be scanned.
It’s worth noting that making all records digital may not be viable for some companies and in these cases, they can apply for exemption.
To make records digital, there are a variety of different software packages that connect to HMRC. To find our more please speak to Darshil Shah on Darshil.shah@shawgibbs.com or 020 3005 7189.