Get Ready for Great Britain’s VAT Return Requirements
From 1st April 2019, VAT registered companies with a turnover above the VAT threshold (currently £85,000) will have to
- Keep their records digitally for VAT purposes only,
- Link their VAT returns to the digital record
- Provide their VAT return information digitally to HMRC through "Making Tax Digital" compatible software
To keep your business in compliance with UK’s requirements, SAP offers a holistic solution for all ECC customers, as well as customers running S/4HANA.