HM Revenue & Customs publish regular notices on matters affecting individuals and businesses. VAT Notice 700/22 explains the rules for Making Tax Digital for VAT and the digital information you must keep if these rules apply to you.
This notice explains:
- the digital records businesses must keep, and ways to record transactions digitally in certain special circumstances
- what counts as ‘functional compatible software’ and when software programs do and do not need to be digitally linked where a combination of programs is used