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Are you ready for Making Tax Digital for VAT?

Making Tax Digital (MTD) for VAT becomes mandatory for all VAT registered businesses from 1st April 2022.

Businesses with a taxable turnover above £85,000 have already been required to follow Making Tax Digital, keeping digital records and filing VAT returns using compatible software since April 2019.

All VAT-registered businesses must use MTD for VAT for their first VAT return period that starts on or after 1st April 2022, regardless of turnover.

We can sign you up to Making Tax Digital, although you will be responsible for meeting your VAT obligations. Those who do not join Making Tax Digital for VAT may be charged a penalty for failure to do so.

If your business has not signed up to MTD compatible bookkeeping software then please talk to us soon on 01384 376964 about how we can help your business comply with the new law.

Folkes Worton – Accounting for the Future

More information on Bookkeeping Software that is compatible with HMRC’s Making Tax Digital can be found at: