Making Tax Digital (MTD) – VAT

How Will It Affect Me? Who’s Affected? MTD-VAT will affect all VAT registered businesses and organisations with an annual taxable turnover above the VAT threshold of £85,000.  This includes unincorporated businesses, partnerships, companies, LLPs, trusts, non-UK businesses registered for UK VAT and charities. A six-month deferral will apply to around 40,000 of businesses who fall into one of the following categories: Trusts. ‘Not for profit’ organisations that are not companies (this includes… Read More