HMRC are reminding all businesses who file their VAT returns on a quarterly and monthly basis they will no longer be able to submit them using the existing VAT portal, unless HMRC has agreed they are exempt from MTD. From Tuesday 1st November 2022 they will no longer be able to use the portal and will instead need to sign up to making tax digital and use compatible software to record and file their VAT returns. Failing to do so may mean that you are non-compliant, and you may receive penalties in the future.

If you file your VAT on an annual basis, you’ll still be able to use the VAT portal until 15th May 2023.


How North Devon Accounts can help you?

Many small business owners find themselves doing bookkeeping and paperwork late at night or at the weekend, eating into their free time. We can run your bookkeeping for you, making sure you have up-to-date financial information and helping you to make informed decisions about your business. We can also help you get set up, provide training, offer advice and make sure you stay compliant with making tax digital.