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AAT research

Six months to go until Making Tax Digital: are you fully prepared?

AAT members are edging towards being fully Making Tax Digital (MTD) compliant – but are concerned about how ready many of their clients will be ready as HMRC’s flagship scheme moves to being just six months away.

As of 1 April 2019, businesses with VAT-able turnover over the current VAT mandatory registration threshold of £85,000 will be required to maintain digital records for VAT purposes only, and to file MTD-compliant VAT returns.