Information from the accounting software - FREEAGENT that we recommend for use with HMRC to digitally submit VAT
Making Tax Digital for VAT
For: VAT-registered businesses
From: 1st April 2019
The government’s ambitious plan to digitise tax for everyone in the UK begins this April with MTD for VAT. The new rules will require businesses with a taxable turnover above the VAT threshold to store financial records digitally and submit VAT returns from MTD-compatible accounting software.
If you’re already using FreeAgent then you don’t need to worry – we’ve been working closely with HMRC to ensure filing VAT returns from the software is as simple as before.
Need some help getting your business ready for MTD, or just want to find out more? Check out our MTD guides and resources.
Action required: Make sure your business is usi ngMTD for VAT-compatible software, like FreeAgent, before the deadline.