Commentary

Extending MTD to voluntary VAT registrations

Budget Day 2021
Budget Day 2021 | Commentary

Extending MTD to voluntary VAT registrations

Budget Day 2021 | Commentary

Extending MTD to voluntary VAT registrations

Alongside the publication of draft legislation for the Finance Bill 2021, HMRC and HM Treasury also published a corporate report entitled 'Building a trusted, modern tax administration system'. The stated aim of the document was to set out a 'vision for the future of tax administration in the United Kingdom, designed to improve its resilience, effectiveness and support for taxpayers'.

One of the key elements of this document was to set out the Government's long-term framework for Making Tax Digital (MTD). In relation to VAT, the key tangible announcement was that from April 2022,

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