On 1st April 2019, the HMRC ‘Making Tax Digital’ scheme came into effect. Making Tax Digital requires all company tax and VAT to be reported electronically. Groups had until 1st October 2019 to start using Group Making Tax Digital compatible software to send their VAT returns to HMRC.
As a result, you are now required to keep digital records from the start of your accounting period using Group Making Tax Digital compatible software. If you don’t currently use accounting software, or your software is not compatible with the requirements for Group VAT reporting, you’re in the right place.