CheapAccounting.co.uk Blog

This is a quick round up of what Making Tax Digital for VAT is, what you need to do and when. More information is available in a special section on our blog – click here What is Making Tax Digital? If you are registered for VAT with a turnover in excess of £85,000 then you fall within the Making Tax Digital for VAT new reporting regime. Those with a turnover below £85,000 are not caught within this new reporting regime. When do the new rules apply? VAT returns starting on or after 1st April 2019 will be submitted under the ...
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