VATupdate

UK warns 1.1million taxpayers on 1 April 2022 MTD changes

From 1 April 2022, all VAT registered businesses are mandated to follow the UK’s requirements on digital recording and reporting Value Added Tax details.  This means for the first time, any business which is below the UK VAT registration threshold of £85,000 but has elected to voluntarily VAT register will now be subject to MTD for VAT requirements.

Source: vatcalc.com

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