What Is Making Tax Digital For VAT?

What Is Making Tax Digital For VAT?

Making Tax Digital for VAT is the first of HMRC’s new digital programmes which they believe will improve the standard of record keeping by many businesses and so improve the accuracy of returns they make.

There are two elements to the new Making Tax Digital for VAT rules. These are:

  1. a requirement to keep business records digitally;
  2. a requirement to file the quarterly VAT return using API (‘application programming interface’) enabled software.

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