- Mandatory Compliance with Making Tax Digital: All VAT-registered businesses in the UK must now use compatible software to maintain VAT records and submit VAT Returns as part of the Making Tax Digital initiative. This includes either using software that meets HMRC’s requirements or bridging software to connect non-compatible systems.
- Searching for Compatible Software: Businesses can utilize a dedicated service to search for suitable record-keeping and bridging software. It’s recommended for businesses to consult with their agents or accountants to determine the appropriate software for their needs.
- Authorization and Support: Once compatible software is acquired, users must authorize it to access their HMRC data, with permissions valid for 18 months. For any software-related issues or questions about data entry, users should contact their software providers, as HMRC only addresses legal compliance aspects of the Making Tax Digital framework.
Source gov.uk
