HMRC will be migrating their VAT customers from VAT Mainframe on to their Enterprise Tax Management Platform. These changes will take place from March 2021. The new changes do not affect any customers already signed up to Making Tax Digital, as their records are already stored on the Enterprise Tax Management Platform.
Any VAT businesses with taxable turnover of more than £85,000 must now sign up to Making Tax Digital to avoid being issued with a penalty.
Further information can be found via The Association of Taxation Technicians website.
