Comment: Making tax digital
Making Tax Digital (MTD) is bringing real operational change and is something fund CFOs and FCs need to be aware of.
For PE and VC houses caught in the first phase of the rollout, MTD came into force for VAT return periods beginning on or after 1 April 2019. For others, most notably those who are members of VAT group registrations or who are making payments on account, a deferral was made available, meaning they will need to be MTD ready for all VAT periods beginning on or after 1 October 2019.
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