There have been changes affecting VAT-registered businesses. We want to help you get a better understanding by telling you about our online support.
Most VAT-registered businesses are required to keep their records digitally. Take a look at these short videos on HMRC’s YouTube channel:
This video explains what digital record keeping means as part of Making Tax Digital for VAT. Business making taxable supplies above the VAT threshold of £85,000 need to sign up to Making Tax Digital.
HMRC is the UK’s tax, payments and customs authority. They collect the money that pays for the UK’s public services and help families and individuals with targeted financial support.