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Making Tax Digital

HMRC have released further information on the new Making Tax Digital (MTD) for VAT requirements. Rugby clubs that are VAT registered with taxable supplies above £85,000pa, will generally have to keep records digitally, and provide information to HMRC using specialised functional compatible software for VAT reporting. There are generally no exemptions if a rugby club is a CASC or a charity, so these clubs (if applicable) should check their current accounting and record keeping procedures regularly. This will ensure that they will be in compliance with the requirements of MTD for VAT which is due to come into force on 1st April 2019.

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