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Tips for taxpayers: Making Tax Digital for VAT

Nine months since the launch of Making Tax Digital (MTD) for VAT, late adopters have only filed once under the new system, some not even using accounting software due to the soft landing penalties regime. Philip McNeill and Dr Sarah McNeill explain the key compliance issues

The first year of mandation for Making Tax Digital for VAT, has seen a soft landing penalty period for businesses to have digital links in place between all parts of their functional compatible software. During this period, the use of cut and paste or copy and paste has been accepted as a digital link.

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