We reminded you recently that the online VAT return for VAT registered traders who file their VAT return annually will close from Monday 15 May 2023. From that date, MTD for VAT must be used unless an exemption from MTD is available.
From 15 May 2023, annual VAT filers must use MTD compatible software to file their return and VAT records must be kept in digital format unless a digital exclusion exemption is available which has been applied for and granted by HMRC.
Failure to file and pay on time may result in the new VAT late payment and filing penalties being charged.