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The VAT timeline from HM Revenue & Customs

The countdown is on

In October this year the first VATregistered businesses in the UK began to use the system in a pilot scheme and private testing with partnerships and those customers who trade with the EU.

The existing online VAT portal will close to some businesses from April and VAT returns must instead be submitted to HMRC using recognised MTD software. From this point businesses must record their VAT transactions and returns digitally using this type of software.

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Campbeltown Courier
30 November 2018
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