Making Tax Digital
Who is affected? Any business or trader with an annual turnover in excess of £85,000 (the current VAT threshold), will be required to enter in to the Making Tax Digital (MTD) regime. When does MTD come in? Any business that falls in to the MTD regulations will be required to comply as from the first VAT period (not accounting period) that begins on or after 1 April 2019 Professional accountancy bodies are pushing for the commencement date for each business to be the start of
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