Making Tax Digital: Changes from 1st April 2022
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usinesses are required to have signed up to Making Tax Digital ready for their first VAT return starting on or after 1 April 2022. However, they may not be required to make their first submission via Making Tax Digital until Summer 2022. All VAT returns must be made via compatible accounting software.
The Government have published new guidance from 1st April 2022 for businesses to understand when to start using Making Tax Digital for VAT if they haven't before.
View the Government guidance here
From 1st April 2022 all VAT registered businesses must sign up for Making Tax Digital, no matter how much they earn unless you apply for an exemption.
What do I need to register?
To register for Making Tax Digital you need:
- your business email address
- a Government Gateway user ID and password - if you do not have a user ID, you can create one when you use the service
- your VAT registration number and latest VAT return
You’ll also need:
- your National Insurance number if you’re a sole trader
- your company registration number and Unique Taxpayer Reference if you’re a limited company or registered society
- your Unique Taxpayer Reference and the postcode where you’re registered for Self Assessment if you’re a general partnership
- your Unique Taxpayer Reference, the postcode where you’re registered for Self Assessment and your company’s registration number if you’re a limited partnership
Where can I get more help and guidance on Making Tax Digital?
For more information, HMRC is running live webinars – during which you can ask questions using the on-screen text box.
These webinars provide an overview of MTD, including digital record keeping, compatible software, how to sign up and submit VAT returns directly from the business.