It has been confirmed the first ‘wave’ of 20,000 letters to affected businesses will hit doormats this week, followed by a further 180,000 to be issued next week.
If you are unaware, Making Tax Digital (MTD) for VAT is compulsory for all VAT registered businesses for VAT periods beginning on and after 1 April 2019. The requirement to keep digital records starts from this date but the first VAT return for a normal quarterly period, must be submitted by 7 August 2019.
HMRC will be running a social media campaign about Making Tax Digital (MTD) for VAT including Twitter posts and YouTube videos.
Please see the link below for more information regarding Making Tax Digital from HMRC:
https://www.gov.uk/government/news/hmrc-publishes-more-information-on-making-tax-digital
If you would like further information we are here to help! Give us a call on 01242 370298 or email us on office@wfrancisandco.co.uk