Digital Linking Deadline Extended
One of the requirements of Making Tax Digital for VAT is that businesses must keep their records so that VAT returns can be produced enterely automatically once primary information has been entered into the records.
For various reasons HMRC allowed a “soft landing” for digital linking, meaning it would not penalise businesses that failed to keep fully digitally linked records until April 2020.
Because of the coronavirus pandemic the government has decided that the soft-landing period should be pushed back by a year. This means that full digital linking won’t be enforced until 1 April 2021.
If you haven’t got to grips with digital linking yet, use the extra year’s grace to get your record keep compliant.
Contact us for more information.
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