Making Tax Digital (MTD) is HMRC's vision to digitalise the UK tax system. The first step to this was in April 2019, when MTD VAT came into force for businesses with a taxable turnover above the VAT threshold.
However, soon MTD VAT will be applicable to ALL VAT registered businesses.
From April 2022, MTD VAT is mandatory for all VAT registered businesses and organisations - which will mean submitting VAT returns via software to HMRC.
If you are not already using an MTD complaint software, please contact us and we can discuss your options to ensure that you are set up and ready for when MTD VAT comes into force for your business.
For more information on the MTD timeline for other taxes, please see our Maxing Tax Digital page.