From April 2019, all affected businesses will be required to keep digital records and must set up an account with HMRC in order to submit VAT returns online. As the accounting system must interact digitally with the HMRC business account, entering VAT return figures manually into the Government Gateway system will no longer be viable. All affected businesses who cannot comply with these new rules risk financial penalties and business disruptions associated with being classified as 'non-compliant' by HMRC.
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