Making Tax Digital has made a huge change to how VAT returns are submitted and these changes are still happening. Since 2019 when it first came in, businesses moved to electronic submissions via software (exemptions did apply), however with HMRC continuing it’s drive with MTD, all VAT registered businesses will need to make electronic submissions. There are also new changes coming in that will affect MTD going forward.
It’s very important to ensure the accuracy of these records and keep up to date with the changes that HMRC are bringing in. As Xero experts Tidal Bookkeeping we can help ensure this is a smooth process for you.
If you are a business looking for help with your VAT return please get in touch. We cover all areas in Cornwall and further afield too, we can prepare and submit your tax return for you. Please use our contact page to see how we can help or call 01209 702920.