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WHAT MAKING TAX DIGITAL MEANS FOR YOU?



Making Tax Digital (MTD) has been introduced by HMRC to help individuals and businesses to get their tax right and transform tax administration.

WILL IT AFFECT ME?

In April 2019, MTD was introduced for VAT-registered businesses with a turnover of £85,000 and above.
However, from April 2022, all VAT-registered businesses will be required to go digital and use a compliant software to keep digital records and make VAT submissions to HMRC.