Making Tax Digital
Most VAT-registered businesses with a taxable turnover above £85,000 need to follow the rules for Making Tax Digital for VAT.
Digital records need to be kept for the first VAT Return period starting on or after 1 April 2019.
HMRC have produced a series of guides and Members are advised to periodically visit HMRC’s website to ensure they are aware of the most recent announcements etc. Click here for HMRC's series of guides.
An initial ECA guidance document has been produced to precede these important changes. Click here to download our Making Tax Digital Guidance Note.