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Are you ready for Making Tax Digital (MTD)?

Peter Legge Peter Legge

The Government has decided that Making Tax Digital (“MTD”) is going ahead but that the starting point will be VAT registered taxpayers.  From periods beginning on or after 1 April 2019, VAT registered businesses with a turnover above the VAT registration threshold will be required to submit the current nine box VAT return either straight from the accounting software, or via Application Program Interface (“API”) software linking spreadsheets to the HMRC system.