Making Tax Digital for VAT compulsory for all after 1 April 2022
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 email@example.com as all of our technical team will see that email and thus be able to respond promptly to your enquiry.
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