2021 Budget: Making Tax Digital

Extension of Making Tax Digital

Extending MTD for Value Added Tax to all VAT registered businesses from 1 April 2022

As announced by Written Ministerial Statement on 20 July 2020, Finance Bill 2021 includes provisions that will enable the scope of Making Tax Digital for VAT to be extended to all VAT registered businesses with effect from 1 April 2022.

Voluntary vat registered businesses below the threshold will need to submit via software from 22/23 tax year onwards.

Written by Vegan Accountants

The expert team at Vegan Accountants take away the hassle and pressure of your accounts and tax compliance. Our wide-ranging services give us the flexibility to deliver tailored support for your business.

February 14, 2022

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