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MTD for VAT Deadline Reminder

Making Tax Digital (MTD) became mandatory for all VAT registered businesses on 1 April 2022. The legislation applies regardless of turnover and includes those voluntarily registered for VAT.

This means that all VAT returns will need to be completed and submitted using a compatible software package that connects to HMRC’s systems. Manual records and some existing accounting software packages will no longer be acceptable.  It will no longer be possible to submit VAT returns using the current Government Gateway system.

Enrolment for MTD for VAT is not automatic, even if your business is already VAT registered or if you have already converted to approved software. All businesses need to complete a registration process via their Government Gateway account before the end of the first full VAT period after 1 April 2022.

All VAT-registered businesses not registered for MTD must:

  1. visit GOV.UK to check you are using a compatible software package
  2. keep digital records starting from the start of the first VAT period following 1 April 2022
  3. sign up and submit your VAT Return through Making Tax Digital.

At GWA, we have been highlighting this change in regulation for quite some time and have already supported many businesses to ensure they are compliant. Therefore, we are confident that the vast majority of GWA clients have already enrolled their business and put the appropriate processes and accounting software in place.

If you would like more information about how your business can easily switch to digital, take a look at our easy to read information about Cloud Accounting.  And if, for whatever reason, you still have concerns about your compliance with the new rules, we urge you to contact our dedicated VAT team as soon as possible.

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