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Posts Tagged ‘Legislation-GB’

Update for Making Tax Digital (MTD) (UK legislation)

Written by Marcel Thijssen on . Posted in Exact Globe

As part of MTD, businesses registered for VAT with a taxable turnover above the VAT registration threshold of £85,000 will need to keep VAT records digitally and file their VAT returns using MTD compatible software. This will start from their first VAT period starting on or after 1 April 2019, which for monthly returns means that their first return will be due by 7th June and for April – June quarterly returns it means that their first return will be due by 7th August.