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The Financial Secretary to the Treasury has confirmed that Making Tax Digital (MTD) for VAT will be extended to all VAT registered businesses with turnover below the VAT threshold (£85,000) from April 2022, and from April 2024 to taxpayers who file Income Tax Self-Assessment returns for business or property income over £10,000 annually.
For further information, see HMRC link below:
[Click Here]
Making Tax Digital for VAT: service availability and issues
[Click Here] Making Tax Digital for VAT as a Business: Step by Step
[Click Here] Making Tax Digital for VAT as an Agent: Step by Step
[Click Here] VAT notice 700/22
[Click Here] How VAT businesses and other VAT entities can get ready
[Click Here] Sign in to your HMRC online account using the Government Gateway
[Click Here] HMRC Transaction Monitoring Privacy Notice
[Click Here] How does Making Tax Digital for VAT affect you?
[Click Here] Digital Record Keeping for VAT