VATupdate

HMRC extends MTD for all VAT registered businesses to 2022

Currently, the MTD rules only apply to businesses whose UK taxable turnover is above the £85,000 UK VAT registration threshold. These new requirements impact all businesses voluntarily registered for UK VAT. This is because their UK taxable turnover is under the threshold. So, there is no requirement currently to comply with MTD.

Source: accordancevat.com

Sponsors:

Advertisements:

* click here if you have interesting news to share *