Making Tax Digital for VAT
Our first video in our Making Tax Digital series Victoria Dadswell, Tax Director, discusses making tax digital for VAT.
The government has made a target to fully digitalise the tax system, eventually in time income tax returns and corporation tax returns will be abolished. However, the first to be fully digitalised is the VAT returns.
Victoria discusses the elements regarding VAT being brought into the MTD regime from April 2019 such as;
1. The filing of VAT returns.
2. Maintaining your records.
3. Non-standard returns
In this video Victoria provides examples of when you will be brought into the MTD regime if you are VAT registered and how MHA Moore and Smalley can help you.