The UK government has issued new guidance on extending Making Tax Digital (MTD) to all VAT registered businesses. From 1 April 2022, VAT registered businesses that are not already obliged to operate MTD must comply with MTD rules. In order
Making Tax Digital
The UK’s Making Tax Digital programme came into effect in 2019. MTD mandates that firms must keep digital records and submit their VAT returns electronically. The UK government has since implemented the more extensive MTD Phase 2. MTD2 has more
Greece has announced that it will start implementing mandatory e-invoicing and e-books from 1 April 2021. Greece had previously intended to implement mandatory e-books submission in 2020. According to Greek authorities, they are delaying implementation partly due to difficulties caused
April 1 2020, was meant to be the date that HMRC launched phase II of making Tax Digital across the UK. However, due to COVID-19, they have made the decision to postpone the rollout by one year to April 1 2021.
Despite daily updates from HMRC, a year and a half ‘phase-in’ period and a significant number of TV adverts promoting Making Tax Digital (MTD) compliant software, one in ten business have missed the MTD deadline and therefore filed non-compliantly.