Digital Links: A guide to MTD in 2021
The first phase of Making Tax Digital (MTD) saw the requirement for the digital
submission of the VAT Return using compliant software. That’s now behind us but
2021 brings new challenges. Under Phase 2, businesses that exceed the £85,000
threshold will need to have digital records and digital links in place to create an
automated end-to-end VAT process. Achieving this is likely to be more complex and
there are a number of ways in which the business can comply, necessitating the
evaluation of the options in the light of what the business hopes to achieve.
In this report we:
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