Digitalization of the VAT tax system

VAT must be registered at tax officials in a way that is above the current VAT rate (currently within the range between PS85,000 - PS75,000) to receive a MTD tax refund in the amount VAT. This applies to VAT-related businesses, which will remain in effect until April 1, 2022. If the amount you must pay for sales exceeds what you registered for before April 1st 2022 for VAT, you should keep your records electronically. If you are denied a tax return, HMRC can refund your tax MTD VAT refund. This tax obligation will not apply if your tax return is denied or the MTD exemption for TVA cannot be received. You can find more information at the HMRC VAT Notice. What's changed? Let us take a look at certain aspects that aren't changing from what was before. Tax refunds are available each month, once per quarter, and annually. The payment of VAT is carried forward until the due date * You don't need any additional information to ...