Making Tax Digital Soft Landing Period Has Ended

During the lead up to Making Tax Digital for VAT, HMRC announced a "Soft Landing Period" to allow businesses to more easily transition to the new way of submitting their VAT returns.

Under the rules of MTD, copy-and-paste does not constitute a digital link between software packages but the Soft Landing Period introduced a 12-month exemption to temporarily allow the use of copy-and-paste.

For those who were required to comply with MTD from 1st April 2019, this exemption was initially due to end with the first VAT period starting on or after 1st April 2020. Due to the Coronavirus pandemic, this was extended until 1st April 2021.

Put simply, this means that using copy and paste to transfer information from one system (e.g. an accounts package) to another (e.g. bridging software) is no longer lawful for VAT periods starting after 1st April 2021.

Discover more: https://www.axisfirst.co.uk/software/making-tax-digital/