In a written statement, the Treasury has announced that Making Tax Digital for income tax self assessment
Making Tax Digital (MTD) for VAT – end of “soft landing”
MTD for VAT currently applies to VAT registered businesses with taxable turnover in excess of £85,000,
Making Tax Digital extended to more businesses
Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold
MTD for VAT to be extended to all VAT registered businesses in 2022
Since 2019, the vast majority of VAT-registered businesses with a taxable turnover above the VAT threshold