Phase Two of Making Tax Digital (MTD) for VAT goes live from 1 April 2021. Feedback from Crowe UK LLP, our VAT Helpline Support Provider, indicates that many organisations are unclear about how the rules impact on them, and whether they will be compliant. They are seeing an increased appetite to review current VAT return processes and to provide recommendations on how organisations can be compliant with the new rules. To this end, they have pulled together the following two level offer (fees will be payable) which may be of interest to partners in the network who feel they need some additional help and support with this.
- A standard MTD review to check if there are any risks of non-compliance to the MTD rules, detailing specific rules which would apply to your circumstance and comments on simple solutions for digital links; and
- An enhanced MTD review, which will include a full remote review of the latest VAT return workings to identify specific areas where there is exposure to non-compliance of the MTD rules and consideration of alternative methods of preparing MTD compliant VAT returns.
Further details can be found in the document below:
Should you wish to discuss this proposal or if you have a general query about Making Tax Digital, please contact the Age UK VAT Helpdesk on 0207 842 7499 or AgeukVAT@crowe.co.uk.
Please note: you are under no obligation to use Crowe UK LLP to undertake an MTD review. Our aim is to encourage the network to seek accredited professional advice as and where required to support them in this and other VAT matters.