Does Making Tax Digital for VAT affect my business?

Making Tax Digital (MTD) for VAT is compulsory for businesses that:

• Are VAT registered, and
• Have a taxable turnover above the VAT registration threshold, currently £85,000.

HMRC has stated that there are exemptions for some organisations, including:

• Where religious beliefs are incompatible with the regulation requirements.
• Where it isn't reasonably practicable to use the required digital tools, for example, remoteness of location.
• Businesses subject to an insolvency procedure.

If you think you may be exempt from MTD, you should contact the HMRC VAT Helpline to make alternative arrangements.

Find out more

• Making Tax Digital Help Centre
• Gov.uk - Making Tax Digital for VAT

Upgrade your licence

Growing business? Add more companies, users, or employees to your licence with ease. Leave your details and we’ll be in touch.