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Are you ready for phase 2 of Making Tax Digital (MTD) for VAT?

What is MTD for VAT? Making Tax Digital requires businesses to maintain digital records and send regular VAT Returns to HMRC using compatible software. In phase 1 (since April 2019) all VAT registered businesses with a taxable turnover above the VAT threshold of £85,000 have been required to follow the Making Tax Digital rules by keeping digital records and using …

Are you ready for phase 2 of Making Tax Digital (MTD) for VAT? Read More »

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