How to calculate MTD?

Key facts:

MTD for VAT returns are calculated exactly the same way as the current 9 Box return. The two differences are:

MTD-Ready.png
  • The return must be submitted electronically through the new MTD portal by compatible software

  • The return must be calculated from computer records of sales invoices and costs

Fuller explanation:

Virtually all later phases of the MTD project will need more complex calculations.

  • The return must be submitted electronically through the new MTD portal by compatible software

  • The return must be calculated from computer records of sales invoices and costs