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Making Tax Digital Quick-fire Q&A#AskAMS

MTD is a new rule coming in two stages. The first stage came into effect April 19 and is for VAT registered businesses with turnover of £85,000 plus. The second stage - for income tax, corporation tax and other VAT business – is due to come in April 2021 at the earliest. Both stages are about keeping your records in digital form and making reports to HMRC

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