VATupdate
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Making Tax Digital transition period coming to an end

From April 2020 digital linking will be compulsory for UK businesses obliged to submit VAT returns. All businesses must be able to provide a digital audit trail of the movement of data from all software used before being passed to HMRC.

We take a look at some of the key aspects of Making Tax Digital (MTD), the penalties, and what they mean for UK businesses.

Source: taxbackinternational.com