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Your guide to all things VAT.
9th March 2021: As the soft-landing period is now fast approaching for Making Tax Digital, digital links should be used between all parts of the business’ functional compatible software from their first VAT return period starting on or after 1 April 2021.
8th May 2020: April saw many advancements in the United Kingdom as talks focus on a series of deadlines on Brexit, while MTD is pushed to 2021.
1st April 2020: To ease the burden on businesses during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in MTD for VAT to implement digital links within their recordkeeping systems.
2nd March 2020: What are the consequences of not adopting a digital approach?
13 January 2020: The HMRC has recently updated the VAT Notice 700/1 to provide temporary rules, which allow some EU Businesses to apply for a UK VAT registration in advance of a no-deal Brexit.
15th March 2019: Since 1st April 2019, VAT registered businesses with taxable turnover above the UK VAT registration threshold (£85,000 currently) are required to keep records in digital form
