On 7th April 2020 HMRC published an update to Notice 700/22 (https://www.gov.uk/government/publications/vat-notice-70022-making-tax-digital-for-vat), which confirms the rumours which have been circulating, that the ”soft landing” period has been extended and will now end for VAT return periods starting on or after 1 April 2021 instead of 1 April 2020.
Although not explicitly stated, it is understood that this is to ease the pressure on businesses struggling with issues compounded by the Covid-19 measures. (more…)