Do I have to Register for MTD for VAT? – NO, not anymore.

This has recently changed and you now just need to be Registered for VAT, you no longer have to Register for MTD for VAT as well.

So, if you’re already VAT Registered, you no longer have to Register for MTD for VAT as well. But you do need use MTD compliant software and record keeping.

HMRC have announced that Registration for MTD for VAT is now automatic with VAT Registration (unless you apply for exemption from MTD) and […]

MTD for VAT: Your questions answered

Here’s the answers to some of the common questions we’ve received in relation to Making Tax Digital for VAT.

What is Making Tax Digital (MTD) for VAT

VAT Returns must now be digital in compliance with Making Tax Digital (MTD) for VAT.

Making Tax Digital (MTD) is the HMRC programme requiring businesses to hold their accounting records digitally, […]

VAT Return Example (with assisting explanation) Post Brexit

The Tax Kit: April 2021.

This is a an example copy of a VAT return (post Brexit) with assisting explanation in blue text to help explain, in situ, what is required for each box. And some numbers too, so you can see how it all adds up and relates. Please review other blogs in this series for additional information. Hope it helps 🙂

VAT Return Boxes explained (Post Brexit)

The Tax Kit: April 2021.

The VAT Return is essentially split into 3 parts:

A. Calculation of VAT Due

B. Comparative Total Figures (excluding VAT)

C. Northern Ireland Protocol European Community Trading Totals (excluding VAT)

The narrative explains what is required for the different boxes post Brexit.

A. Calculation of VAT Due

Box 1

Include the VAT […]