There's no change to the rules for VAT groups. If your VAT group's turnover is above the VAT threshold, then you're already required to keep digital records and report via MTD. If your group's turnover is below the threshold and you are a voluntary filing VAT group, then the rules will apply in line with individuals, however MTD for VAT will become mandatory for voluntary filers from 1 April 2022.
How it works in Sage 50 AccountsIn order to process a group VAT Return in Sage 50 Accounts using MTD, you'll need to download our Making Tax Digital Adapter to amalgomate the returns from each company into one VAT Return and then submit this to HMRC. Find out more > |