Research exploring the impact of Making Tax Digital on VAT customers below the £85,000 threshold following requirements introduced in April 2022.
Details
HMRC commissioned Verian (formerly Kantar Public) to undertake this research to explore the early impact of Making Tax Digital on VAT customers below the £85,000 VAT-registration threshold since requirements were introduced in April 2022. The research comprised 50 in-depth telephone or video interviews with customers who submit their VAT returns using Making Tax Digital compatible software.
The report explores the early experience of customers in complying with the requirements in the first year since they were introduced.
The views in this report are the authors’ own and do not necessarily reflect those of HM Revenue & Customs.
Source gov.uk
Latest Posts in "United Kingdom"
- Keir Starmer Faces Criticism for Not Ruling Out VAT Increase Amid £30bn Financial Gap
- ICS2 Implementation Delayed: Businesses Can Use ICSNI for ENS Declarations Until December 2025
- First-tier Tribunal Rules Nitrous Oxide Not Zero-rated for VAT as Food Ingredient
- Understanding HMRC’s GfC14: Tax Reliefs and Compliance in Freeports and Free Zones
- UK Chancellor Considers Adjusting VAT Nil-Rate and 5% Rate for 2025 Budget Funding
