Making Tax Digital for VAT Draft legislation "The VAT (Amendment) Regulations 2018"

By Technical Team on 10 Jan 2018

HMRC recently published draft VAT regulations and a draft VAT Notice regarding Making Tax Digital for VAT.

The consultation period closes on 9 February 2018.

The proposed secondary legislation makes changes to the VAT regime which would be effective from 1 April 2019. It would require businesses with taxable turnover above the VAT registration threshold to keep and preserve digital records and submit VAT returns to HMRC using functional compatible software.

HMRC have also published for comment a proposed Addendum to the draft VAT Notice, setting out how businesses could use compatible software alongside spreadsheets to provide VAT returns.

Please send your comments to technical [at] ciot.org.uk

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