OrbitaxOrbitax

UK Announces Making Tax Digital has Become Law

|Approved Changes|United Kingdom
United Kingdom

UK HMRC has issued a release announcing that the Making Tax Digital (MTD) program became law on 1 April 2019. Under the program, VAT registered businesses with taxable turnover above the VAT registration threshold (currently GBP 85,000) are required to keep digital records and submit VAT Returns to HMRC using functional compatible software for VAT periods beginning on or after 1 April. HMRC notes in the release that it knows that businesses will require time to become familiar with the new r…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.