Digital tax regulation deadline looms for charities
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
The Gov.UK website:
- explains what Making Tax Digital is
- sets out details of the Making Tax Digital for VAT service, which is now live
- includes a mythbuster explaining the truth behind some common misconceptions about Making Tax Digital
If you’re an agent signing up clients, follow the step by step guide for agents.
If you’re signing up your own business, follow the step by step guide for businesses.
Most VAT registered businesses with a taxable turnover above £85,000 must follow the rules for Making Tax Digital for VAT.
If your business uses the VAT GIANT service you cannot sign up for Making Tax Digital yet. HMRC will contact you to tell you when the deadline is.
Find out if and when you (or your clients) need to follow the rules for Making Tax Digital for VAT, or apply for an exemption here.
If you wish to talk about VAT, Making Tax Digital for VAT or using VAT online services click here for contact information.