Stay ahead of upcoming changes to UK VAT submissions

▤ Summary

Since it was first implemented in the UK almost two years ago, there have been a number of important changes to the way small businesses manage and report their tax. After that date, all VAT-registered businesses will need to keep digital records and submit their VAT Returns using MTD from within Xero or other API-enabled software. HMRC has also recently announced that non-MTD VAT submissions using software providers will no longer be supported from April 2021. We did this intentionally, so it will be easier for businesses to transition to MTD VAT Returns in the year ahead. While there is some time before you will no longer be able to submit non-MTD VAT returns via Xero, it’s a good idea to start preparing your business early.

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