All VAT-registered businesses must now follow the Making Tax Digital rules – regardless of their taxable turnover. VAT records must be kept digitally and VAT returns submitted to HMRC using compatible software. You can find out more by joining HMRC’s live webinar “Making Tax Digital for VAT” during which you can ask questions using the on-screen text box. This overview of Making Tax Digital includes how to sign up, what is meant by compatible software, digital record keeping, and submitting VAT returns directly from the business. Several alternative dates are available. Register here
