News & Important Dates
Making Tax Digital
HMRC have announced that some businesses may qualify for an extension to the initial soft-landing period. They have acknowledged that businesses with complex or legacy IT systems may require a longer period to put digital links in place across their functional compatible software. These businesses can apply for additional time to put the required digital links in place (subject to qualifying criteria). Even if the soft landing period is extended, it will only be by 12 months.
The VAT Notice specifically mentions the possible need for more time where another business has been acquired that uses different software applications or packages.
Businesses will need to make an application to HMRC and we can help with this. Cases will be considered by HMRC individually.
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