Making Tax Digital

HMRC reveals MTD for VAT milestones

Over 80% of VAT-registered firms have signed up.

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First quarterly MTD for VAT deadline

Around 121,000 businesses fell at the first hurdle.

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No penalty for not signing up to MTD

Stay of execution for those who missed sign-up deadline.

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Making Tax Digital for VAT comes into force

1 million businesses mandated into digital tax scheme.

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Making Tax Digital for VAT takes effect

Only around 100,000 businesses had signed up by 1 April.

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