Making Tax Digital for VAT: how will it work

Plans to go ahead with Making Tax Digital for VAT reporting from April 2019 are well under way with the government consulting on final details of the rules for so-called ‘electronic accounts’. Stephen Relf CTA ACA, tax writer at Croner-i, examines the proposals

With April 2019 set for the launch date, the government has released draft regulations and a VAT Notice giving a better idea of how Making Tax Digital for VAT will work. There is a short consultation period closing on 9 February and legislation will be in place before the new tax year starts this April.

The government’s intention is for the regulations to be made no later than April 2018.