HMRC is introducing a new VAT Registration Service (VRS), it has been revealed.<\/p>\n
Launching on 1 August, the service aims to speed up the process, improve security, and automatically register businesses for Making Tax Digital (MTD).<\/p>\n
From this date onwards, the existing system of registration will be closed.<\/p>\n
Making Tax Digital<\/strong><\/p>\n A notable change is that every taxpayer will be automatically registered for Making Tax Digital, eliminating the need for that additional step.<\/p>\n All VAT-registered businesses are obliged to follow the Making Tax Digital regulations by maintaining digital records and employing software to submit their VAT returns.<\/p>\n Tried and tested<\/strong><\/p>\n The VRS has been tested by HMRC throughout the past 18 months, with more than 37,000 businesses enrolling themselves on the system.<\/p>\n Following this, the next step is to turn on the new functionality for agents, at which time HMRC will redirect all new applications from the legacy service.<\/p>\n Do you have unfinished VAT applications?<\/strong><\/p>\n For agents with incomplete, unsubmitted VAT applications for customers, HMRC warns that these must be submitted by 31 July 2022 at 5pm.<\/p>\n It\u2019s important to note that any partly finished, saved applications on the old service cannot be retrieved after this time.<\/p>\n The new service saves applications for up to four weeks.<\/p>\n In certain cases, it may be useful to wait for the new service to launch on 1 August to benefit from the enhanced functionality, including the automatic sign up to MTD for VAT.<\/p>\n Need advice on the VAT Registration Service? Contact our team today.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" HMRC is introducing a new VAT Registration Service (VRS), it has been revealed.<\/p>\n","protected":false},"author":2,"featured_media":4794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,7,52],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4792"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4792"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4792\/revisions"}],"predecessor-version":[{"id":4793,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4792\/revisions\/4793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media\/4794"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}