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UK Brexit Tax return changes

  • May 17, 2021
  • 1 reply
  • 216 views

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In April 2021 titles on UK VAT Return boxes have been changed, for disclosure post Brexit, and Phase 2 of Making Tax Digital commenced.

Is there an updated Tax Template from IFS?  We are currently on template S089 for the UK VAT Return.

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1 reply

Kalhari Dissanayake
Hero (Customer)
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Hi @hlhasanga ,

In order to get an idea regarding Brexit and impact on IFS Applications you can refer the attached documentation here.

As far as we know there wont be any changes to handling Making Tax Digital where as, it is mandatory to report it automatically it seems when going through the below update.

https://www.streetsweb.co.uk/advice/2021/mar/11/making-tax-digital-for-vat-changes-from-april-2021/

I hope above information will be helpful.

 

Best regards,

kalhari.