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End of the MTD transition period in the UK as from April 2021

HMRC postponed the implementation date of stricter requirements in MTD due to Covid-19. This extension is coming to an end.

Businesses have until their first VAT return‎ period starting on or after 1 April 2021 to put digital links in place between software products (existing links must be maintained), but it is prudent to put these links in place now.

Until 1 April 2022, only UK businesses with turnover above the VAT registration threshold of GBP 85.000 in the UK are required to use MTD for VAT reporting. Businesses below the threshold can also voluntarily sign up for MTD. As of April 2022, all VAT registered businesses will need to comply with Making Tax Digital irrespective of their annual turnover.

Source: Marosa

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