Making Tax Digital Is For All Vat-registered Businesses

The Caithness Business Index has posted the following article:

Making Tax Digital Is For All Vat-registered Businesses

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Since April 2019, VAT-registered businesses with a taxable turnover above the VAT threshold (currently £85,000) have needed to keep VAT records digitally and send returns using Making Tax Digital (MTD) compatible software. From April??? 2022, these requirements will apply to all VAT-registered businesses, including those with a taxable turnover below the VAT threshold. [Read Full Article]