Following the February 2018 issuing of regulations for Making Tax Digital for VAT (MTDfV), HMRC recently published the final version of the MTDfV Notice. The Notice details what is required of businesses, and what is meant by 'digital record-keeping'. It also outlines instances where a digital link between MTD functional compatible software is required.
Practice Track have produced a two-page factsheet, which supplies information on HMRC's timetable for the implementation of MTDfV; MTD-compatible software; the record-keeping requirements under the initiative; and how accountants can help their clients to prepare ahead of the 1 April 2019 start date.
To view a sample, click here.