The VAT Account

The VAT account provides the link between the digital VAT records and the VAT return submitted to the Revenue. Under MTD for VAT, the information which must be held in the VAT account must be maintained digitally and this is referred to as the ‘electronic account’. To...

Exemptions for MTD for VAT

Are there exemptions for MTD for VAT? There are very few exemptions for MTD for VAT. If you think any of the following exemptions apply to your business, HMRC advise you to contact the VAT Helpline on 0300 200 3700. You will not have to follow the Making Tax Digital...