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MTD for VAT Explained

Where our clients are VAT registered, we undertake the completion and submission of the periodic returns.  As from April 2019, Making Tax Digital for VAT requires those businesses with taxable turnover above the annual VAT registration threshold  – currently £85,000 – to keep records in digital form and file their VAT Returns using compatible software. We will continue to collect the figures from the information provided and submit the relevant details to HMRC via our MTD software as specified in the legislation.