Question

UK Brexit Tax return changes

  • 17 May 2021
  • 1 reply
  • 174 views

Userlevel 3
Badge +6

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.


This topic has been closed for comments

1 reply

Userlevel 6
Badge +11

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.