Thankfully, Making Tax Digital promises to be far less complicated than Brexit!
Making Tax Digital for VAT comes into effect for most businesses with a turnover above the VAT threshold in April 2019. This means you will soon need to start submitting Making Tax Digital VAT returns using compatible accounting software.
Before you can do that though, there are some steps you need to take to get your practice and clients ready for the shift to digital VAT filing. This guide explains exactly what you need to do to get set up for Making Tax Digital for VAT with HMRC:
And here’s a very interesting article about how it could benefit businesses: