MTD for VAT (UK)

by Mohammad Emran Hasan

Making Tax Digital for VAT (UK) on Akaunting

From April 2022, all VAT-registered businesses in the UK will be in need to use MTD to keep digital records and make VAT submissions to HMRC.

To make the tax processes easier, the UK government has created Making Tax Digital. HMRC is making changes in the taxing process with Making Tax Digital make it more effective, more efficient, and easier for taxpayers to get their tax right. With the MTD app in Akaunting, it's very simple and useful to adapt to the new system.

For the VAT-registered businesses with an annual taxable turnover above £85,000, it’s already required to use MTD app for the VAT returns. The businesses that have an annual taxable turnover below £85,000, will be required to use Making Tax Digital software with 2022. 

Keep your VAT records and automate them. Comply with HMRC and stay up to date with the MTD app. The HMRC-recognised MTD app in Akaunting is the best suited for your business.

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