Does your VAT period begin on or after 1 April?
From 1 April 2022, MTD will apply to ALL UK VAT registered entities where previously it only applied to those whose taxable turnover was in excess of the VAT registration threshold of £85,000.
This means that all VAT registered businesses will need to keep records in digital format and to have signed up to MTD to enable digital submission for their first VAT return period starting on or after 1 April 2022.
GMcG has a wealth of experience in helping guide businesses to the right solution for MTD, from basic spreadsheets to cloud accounting packages, from providing bookkeeping services to simply doing your digital VAT submissions for you.
For more information on Making Tax Digital and how GMcG’s expertise could assist your business across a spectrum of Digital Accounting services, visit gmcgca.com/digital
Alternatively, please contact:
Belfast – Nichola Fox
Lisburn – Arleen Rodgers
Portadown – Patrick Boylan