HMRC has updated MTD for VAT guidance in relation to digital record keeping. They now advise businesses can apply for a time extension to the soft landing period to put required digital links in place in certain circumstances. Cost alone is not a good enough reason for requesting an extension. See para 4.2.1.3 for further details.
Source HMRC
Latest Posts in "United Kingdom"
- Understanding VAT: How It Works, Its Impact, and Options for Reform in the UK
- UK Tribunal Rules Locum Doctor Supplies via Agencies Are VAT Exempt for NHS Trusts
- VAT Rules for Workwear, Uniforms, and Staff Clothing: What Businesses Need to Know
- Understanding E-Invoicing: Benefits, Challenges, and the Future for UK Businesses and Government
- How Overseas Businesses Can Reclaim UK VAT: Eligibility, Deadlines, and Key Conditions