Many businesses unaware of April MTD for VAT deadline

08 March 2022

Issue: 4831 / Categories: News

With less than one month to go until businesses have to keep all VAT records in a digital format a new study from Intuit QuickBooks has found that 82% of eligible businesses that are yet to comply remain unaware of the impending deadline.

Despite an overall increase in awareness since November (from 13% to 18%) fewer than a third (29%) of UK businesses know what they need to do to become compliant and are confident of meeting the deadline. This has fallen from 38% since November. The proportion of businesses that have ‘no idea’ what to do and are putting off becoming compliant has doubled from 8% in November to 16%.

Pauline Green head of product compliance and programs at QuickBooks said: ‘Our study showed that expert tech support is absolutely vital for small businesses including the desire for support from a...

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