It has been estimated that one in ten businesses missed the initial April 2019 MTD deadline and filed non-compliantly.
It has been estimated that one in ten businesses missed the initial April 2019 MTD deadline and filed non-compliantly.
The HMRC has recently extended the Making Tax Digital 'digital links' deadline to 2021. However, penalties will still apply for non compliance on a cumulative basis, based on the number of offences in the past 12 months.
This can reach 15% of the VAT due, plus fines of up to 100% of undeclared VAT as a result of careless or deliberate inaccuracies.
Discover the latest deadlines, penalties and how MTD works by watching our free webinar.
Taxback International has developed its own API to communicate through Making Tax Digital, which has been tested and approved by the HMRC. This means we can help ensure complete compliance for your UK domestic VAT reclaims and MTD requirements.
Contact us today to learn more.
Email: tbieurope@taxbackinternational.com
Tel :+44 7881 385873