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HMRC issues reminder to prepare for Making Tax Digital

HMRC has published a reminder to VAT-registered business with a taxable turnover above the VAT registration threshold (currently £85,000) that they will be required to keep digital VAT business records and send returns using Making Tax Digital (MTD)-compatible software for VAT periods starting on or after 1 April 2019.

  1. Overview
  2. When MTD for VAT will be mandatory for your business
  3. What happens if your taxable VAT turnover is below the VAT MTD threshold
  4. What your business needs to do to be ready to sign up for MTD
  5. Using spreadsheets for your business records
  6. Records that you need to keep digitally for MTD for VAT
  7. MTD-compatible software
  8. Bridging software
  9. Finding out what software is available for MTD
  10. Income Tax
  11. Additional Help

CTG has a dedicated MTD section on the website here.