What is Making
What YOU and your clients
need to know.
Making Tax Digital will eventually apply to the majority of business and, therefore, agents. If you are a business, or have clients, who are VAT registered and have a taxable turnover above the VAT threshold (currently £85,000), you should already be thinking about MTD.
Mandation for VAT for most businesses started with the first VAT period falling on or after 1 April 2019. Click on the links below to find out more.
What does this mean for me?
In the future, Making Tax Digital will apply to the majority of businesses and, therefore, agents. If you have clients who are currently VAT registered with a taxable turnover above the VAT threshold (currently £85,000) then, yes, you should start your MTD journey now!