Do I need to follow Making Tax Digital rules for VAT?
You’ll need to follow Making Tax Digital (MTD) rules for VAT if your taxable sales are above the VAT registration threshold. Businesses that make a voluntary VAT registration can also choose to follow MTD rules before reaching the mandatory requirement threshold.
Making Tax Digital rules also mean that you’ll need to use HMRC approved accounting software to store your VAT information and submit a VAT return.
Read our guide to learn more about MTD, or contact one of the team about our online accounting services for VAT.