VAT News

Making Tax Digital for VAT compulsory for all after 1 April 2022

23.07.2020

HMRC’s updated guidance for MTD announces that from 1 April 2022 every VAT registered business will fall within the MTD requirements, regardless of their turnover levels or whether they have voluntarily registered for VAT. (The guidance is here.)

Including all VAT registered businesses in the MTD regime has long been the objective of the digitisation of tax in the UK so including this point in the updated guidance is not a surprise. But it does provide clarity and confirmation for smaller businesses that they have a deadline to work towards.

The Centurion VAT team is here to help – please contact your usual Centurion VAT team member or use emailus@centurionvat.com as all of our technical team will see that email and thus be able to respond promptly to your enquiry.

For the avoidance of doubt, the content recorded in this news article does not constitute formal advice and we do not guarantee the accuracy of any information provided at the time of reading. It is always recommended that you seek professional advice before acting on any of the news articles or information included.


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