Making Tax Digital for VAT - Phase 2 update
Everything you need to know about MTD Phase 2 including what counts as a digital link and how to apply for an extension
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Making Tax Digital for VAT (MTD) - Phase 2 update
Everything you need to know about MTD Phase 2 including what counts as a digital link and how to apply for an extension
DATE
Watch now
on demand
TIME
Watch now
on demand
From 1 April 2021 over 1 million businesses that are registered to pay VAT in the UK, must now follow the latest Making Tax Digital for VAT (MTD) rules and obligations, or risk the threat of penalties for the first time.
The change to the rules includes; the implementation of digital book keeping, including the complete digital journey on taxpayers; and prohibit any manual posting (or 'copying & pasting') into spreadsheets.
Hear from Richard Asquith, former VP Global Indirect Tax, and Ruby Buckland, Director at Avalara as they uncover what the MTD Phase 2 rules mean for UK VAT registered businesses.
They will be covering some of our frequently asked questions, including:
- What is MTD and what are the Phase 2 requirements?
- What businesses need to do to meet the digital recordkeeping requirements
- What the HRMC does and doesn't class as a digital link
- What extensions are available to the April 2021 timeframe and how to qualify.
Speakers
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
Ruby Buckland
Ruby Buckland has 20 years of experience in indirect taxes and tax management consulting. She is a Sales Director in the EMEA practice and works with Enterprise and Mid-Market businesses to determine their needs and potential fit with Avalara global solutions. Prior to joining Avalara Ruby worked at two of the Big 4 firms on tax technology implementations, indirect tax strategy and outsourcing engagements.