Making Tax Digital for VAT- if you are a client of Revel, you are already MTD VAT ready. If you are not a client, read on.
What is Making Tax Digital for VAT?
Making Tax Digital (MTD) means you are no longer able to keep and submit manual VAT records and returns. Instead, HMRC will only accept VAT returns sent using software that supports Making Tax Digital for VAT, like Xero or QuickBooks. If you are an existing client of Revel- we don’t work any other way!
If you are not an existing client of Revel, then the use of this technology is absolutely necessary for all VAT registered businesses from 7 April 2022. So if you haven’t thought about it, call us today so that we can get you MTD for VAT ready.
Once you’re up and running, the benefit is that you should find it far easier to submit returns using online MTD software.