Making Tax Digital

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Making Tax Digital will be mandatory for VAT purposes from April 2019. From then, businesses with a turnover above the VAT threshold (currently £85,000) will have to:

  •    Keep their records digitally – for VAT purposes only
  •    Provide their VAT return information to HMRC through MTD-compatible software.

Other businesses will be able to adopt MTD voluntarily for VAT and income tax if they wish.