HMRC gives limited MTD ‘digital links’ extension
HMRC has extended the Making Tax Digital (MTD) for VAT compliance date for businesses judged to have complex or legacy IT systems and they will be given extra time to meet the requirement to maintain digital links as part of the new filing regime.
As well as keeping digital records, all VAT registered businesses with a turnover of more than £85,000 are required to have in place digital links between all parts of their functional compatible software.
Read more at the Accountancy Daily.
