New HMRC notice on Making Tax Digital issued
HMRC issued a new VAT Notice 700/22 on 13 July 2018 re Making Tax Digital for VAT. In this they gave more details as to how MTD will be implemented, along with a list of 18 software providers with MTD ready products. The notice provides more details with regard to what will be required under the new digital record keeping rules for the businesses that MTD applies to. Any business that wishes to claim exemption from MTD on the grounds of religion, insolvency or because they fe
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