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Making Tax Digital Phase 2: Have you updated your systems?

Specifically, MTD Phase 2 sees the introduction of ‘digital links’. That is, there can be no manual intervention in the VAT compliance process, such as a copy-pasting data.

Now, an unbroken digital link needs to hold from the time of a transaction to the time it is included in a VAT return calculation.

Source: vatglobal.com

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