MTDfb
Making Tax Digital for business
MTDfb is an acronym for ‘Making Tax Digital for Business’ - a scheme from the HMRC that makes it mandatory for VAT-registered businesses with an annual turnover of £85,000 or above to keep digital records of & submit VAT returns using compatible software. The scheme becomes mandatory 1st of April 2019.
Making Tax Digital for business
MTDfb is an acronym for ‘Making Tax Digital for Business’ - a scheme from the HMRC that makes it mandatory for VAT-registered businesses with an annual turnover of £85,000 or above to keep digital records of & submit VAT returns using compatible software. The scheme becomes mandatory 1st of April 2019.Practical Application Example
“
I am making Tax Digital for my business. ”
