This is just a timely reminder to all VAT registered companies that MTD is coming in to force for all VAT registered companies from April 2022. If you are above the VAT threshold – currently £85,000 – you are already subject to the new rules, however, even those under the threshold must be on the new system from April 2022.
If you are unsure as to how to go about ensuring you are compliant HMRC have released a number of videos on youtube as follows:-
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These should provide you with the required information – alternatively you should speak with your accountant or book keeper ASAP to ensure everything is in place in good time.
