Making Tax Digital - It's now time to act!
After speculations about delays, it is now incorporated into regulations that Making Tax Digital (MTD) for VAT will come into force for VAT with effect from 1st April 2019. Who’s effected… Businesses that are compulsorily registered for VAT because they have taxable turnover in excess of the registration threshold will need to comply with MTD. This will be effective from their next VAT quarter that commences after the 1st April 2019. That means, if your VAT quarter starts on