We’ve noticed lately that there are lots of radio adverts and letters from HMRC flying around regarding Making Tax Digital (MTD) for VAT. That may be fine in itself, but we’re also coming across clients and contacts who are misunderstanding what’s needed. The risk is – if you take action that isn’t suited to you or your business, it can be difficult to backtrack if unnecessary steps are taken.

So, with MTD for VAT just around the corner, we thought we’d share with you this infographic from Croner Taxwise, which does a great job of unmasking some common misconceptions surrounding this topic.

Talk to us before you take any action.