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What is Making Tax Digital for VAT?
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What is Making Tax Digital for VAT?
Making Tax Digital (MTD) is an initiative from HMRC to make our tax system more efficient and effective. The changes should ultimately make it easier for businesses to get their tax right.
In practice, this means all VAT-registered businesses need to keep digital records and submit VAT returns online using HMRC-compatible software – like Xero (unless you have an exemption).
Find out more about MTD at:
Visit our small business MTD resource hub to learn more about what MTD means for your business:
Want to try Xero? Sign up for a free trial at:
Looking for Xero reviews? Watch Xero Customer Stories:
For Xero product support please visit:
These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s
Making Tax Digital (MTD) is an initiative from HMRC to make our tax system more efficient and effective. The changes should ultimately make it easier for businesses to get their tax right.
In practice, this means all VAT-registered businesses need to keep digital records and submit VAT returns online using HMRC-compatible software – like Xero (unless you have an exemption).
Find out more about MTD at:
Visit our small business MTD resource hub to learn more about what MTD means for your business:
Want to try Xero? Sign up for a free trial at:
Looking for Xero reviews? Watch Xero Customer Stories:
For Xero product support please visit:
These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s
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