With only seven months to go until the Making Tax Digital for VAT #MTDfV deadline, most businesses above the £85,000 threshold should already be integrating the new digital tax system into their processes, but is that happening in reality and do people really know what’s going on?
HMRC has recently published further guidance on the new Making Tax Digital for VAT (
What is Making Tax Digital for VAT?
How should businesses prepare?
Businesses should review their current accounting systems to map the VAT audit trail and identify areas where digital links will be required. While some may not be compulsory until 1 April 2020, businesses should be preparing their systems for full
How can we help?
Speak to your usual Lambert Chapman LLP contact who will be happy to answer any questions you may have.
We also publish regular updates on our website and in our client e-Newswire.
Check our events diary for our MTD updates which we will host in the
The views expressed in this article are the personal views of the Author and other professionals may express different views. They may not be the views of Lambert Chapman LLP. The material in the article cannot and should not be considered as exhaustive. Professional advice should be sought in connection with any of the issues contained in the article and the implementation of any actions.