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Making tax digital pilot opens to VAT groups

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HMRC has widened its making tax digital for VAT pilot, announcing in January that members of VAT groups, newly-registered businesses and those who submit monthly returns or trade with the EU are no longer excluded from entering the pilot.

HMRC has widened its making tax digital for VAT pilot, announcing in January that members of VAT groups, newly-registered businesses and those who submit monthly returns or trade with the EU are no longer excluded from entering the pilot.

Businesses still not able to take part in the pilot include those who:

  • are part of a VAT division;
  • are based overseas;
  • are trusts;
  • are charities not set up as a company;
  • submit annual returns; or
  • make payments on account.

See bit.ly/2ErQzXK.

Issue: 1427
Categories: News , Indirect taxes , VAT
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