{"id":2407,"date":"2022-01-13T04:00:00","date_gmt":"2022-01-13T04:00:00","guid":{"rendered":"im-23070"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T00:00:00","slug":"are-you-registered-for-making-tax-digital-for-vat","status":"publish","type":"post","link":"https:\/\/ep-accountants.co.uk\/are-you-registered-for-making-tax-digital-for-vat\/","title":{"rendered":"Are you registered for Making Tax Digital for VAT?"},"content":{"rendered":"
Making Tax Digital (MTD) for VAT is to be extended to cover businesses with a turnover below the VAT threshold from April 2022. The MTD for VAT regime started in April 2019 when businesses with a turnover above the VAT threshold of £85,000 became mandated to keep their records digitally and provide their VAT return information to HMRC using MTD compatible software.<\/p>\n
The extension of MTD from April 2022 will apply to all VAT registered businesses with turnover below the VAT threshold of £85,000. This change was first announced in July 2020 and about a third of businesses mandated to sign-up from April 2022 have already voluntarily chosen to use MTD.<\/p>\n
If you are affected and have not yet signed up, we would urge you to start the process as soon as possible.<\/p>\n
To sign up to MTD for VAT, businesses, or their agent need to:<\/p>\n