making tax digital for vat

HMRC introduced "Making Tax Ditigal" for VAT in April 2019 and it was initially compulsory only for businesses that exceeded the VAT registration threshold (over £85,000 in turnover). However, since April 2022 it has been compulsory for every single VAT-registered business.

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Making Tax Digital means you must:

keep digital records of all transactions; and- file VAT returns to HMRC using compatible software

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Compatible software allows you to:

• integrate your bank transactions;

• send invoices to customers electronically;

• attach supplier invoices to all expenses​

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These are digital records. In the event of a VAT enquiry from HMRC you will save time and money from having kept full digital records of all transactions. 

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If you have set up Direct Debit payments for VAT, as soon as we file your VAT return with HMRC it will initiate the Direct Debit process, meaning all filing and payment obligations are complete with the click of a button. 

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