Dodwell: final countdown to Making Tax Digital for VAT

With the mandatory deadline to digitally report VAT under HMRC’s Making Tax Digital racing down upon us, Bill Dodwell, senior policy adviser at OTS, says this will not mean an immediate end to spreadsheet reporting as HMRC has accepted that some VAT calculations are just too complicated to comply immediately and more work needs to be done

There are three months to the start of Making Tax Digital (MTD) for VAT – which means that businesses required to be registered for VAT must hold records digitally and submit VAT returns digitally, instead of manually entering figures into HMRC’s VAT filing portal.

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