From April 2021 VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) are required to follow the Making Tax Digital rules by keeping digital records and using software to submit their VAT returns.
MTD helps businesses get their tax right the first time and to prevent them from feeling punished for making honest mistakes.
That means reducing the likelihood of errors, lowering the chance of unwelcome compliance checks and giving businesses greater certainty that they are getting things right.
Be ready for MTD for VAT with QuickBooks.
QuickBooks’ all-in-one, HMRC-recognised MTD software for VAT makes it easy to track your VAT and submit your returns.
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