Making Tax Digital (MTD) for VAT is here and it means a number of important changes to the way that businesses file and report their VAT.
If you run a VAT-registered business with a taxable turnover above the VAT threshold of £85,000, you are required to keep digital VAT records using MTD-compatible software like FreeAgent or Xero.
The new rules took effect from April 2019. To make life easier for busy business owners, FreeAgent has introduced a range of updates and improvements to their VAT filing system.
In this blog post, we detail some new features and functionality that will make the VAT process quick and simple.