- HMRC issues guidance on VAT returns for those exempt from MTD for VAT
- Businesses exempt from using compatible software for Making Tax Digital for VAT must follow specific submission methods
- Submission method depends on the reason for exemption:
- Business applied for an exemption: can submit paper return or online return using VAT online account
- Business subject to insolvency procedure: must submit paper returns unless under Company Voluntary Arrangement or Individual Voluntary Arrangement
- Final VAT returns after deregistering for VAT: must use online account, cannot use MTD software
Source: taxjournal.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
