HM Revenue and Customs (HMRC) has published draft regulations, together with a draft explanatory memorandum and draft VAT Notice, for public comment.
The proposed secondary legislation would make changes to the VAT regime, effective from 1 April 2019. It would require businesses with taxable turnover above the VAT registration threshold to keep and preserve digital records and provide VAT returns using compatible software.
HMRC is also making available for comment a proposed Addendum to the draft VAT Notice, setting out how businesses could use compatible software alongside spreadsheets to provide VAT returns.
Comments on any of the documents should be sent by email to: email@example.com.