VAT​ ​to​ ​be​ ​all-digital​ ​from​ ​April​ ​2019
You may have heard a lot about it over the last few months, but Making Tax Digital plans from HMRC are now one step closer with VAT to be all-digital from April 2019.

The chancellor has announced the passage of enabling legislation in the Finance (No.2) Act 2017 allowing, subject to secondary legislation, for HMRC to require businesses to keep records digitally.

VAT is the only area that must use Making Tax Digital for business (MTDfB) – from April 2019. It applies to businesses with a turnover above the VAT threshold. HMRC is still piloting and testing the MTDfB service, and expects it to be available from spring/summer 2018.

Hargreaves Owen can help with any questions you may have, so for advice tailored to you, give us a call on 01462 791079 or email us at info@hargreavesowen.co.uk.

 

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