25 July 2018 UK Tax Authority publishes Making Tax Digital for VAT notice HM Revenue & Customs, the UK Tax Authority, on July 13 published its much anticipated VAT Notice 700/22 which explains the rules for Making Tax Digital for Value Added Tax. The Notice explains: (i) the digital records businesses must keep; (ii) ways to record transactions digitally in certain special circumstances; (iii) what counts as "functional compatible software"; and (iv) when software programs need to be digitally linked where a combination of programs are used. Document ID: 2018-1493 |
