NFRN advice for MTD
28th November 2018 NFRN
What is MTD for VAT? From 1 April 2019, any business with an annual turnover over the VAT registration threshold of £85,000 as of 2018/19 will be required to keep digital records and submit their VAT returns digitally.
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**You will not have to submit any additional information or change deadlines for sending VAT returns.
**You will no longer be allowed to use a paper-based record-keeping system to calculate the amount of VAT owed before submitting a paper return or manually entering calculations on the HMRC website.
** To access the NFRN advice please follow the link.