Making Tax Digital for business in the UK
Making Tax Digital is the UK law on electronic VAT statements which will take effect from 1 April 2019.
What information must be electronically archived?
Businesses must electronically archive the following information for six years:
Address of business
VAT number of business
Accounting schemes used
For product purchase and sale, the information to file will be:
Date of supply
Adjustments or corrections made to VAT
Daily gross takings
Do you need to send VAT reports to different countries?
Hungary: Real Time Invoice Reporting since 1 July 2018
Spain: Immediate submission of VAT books since 1 July 2017
Poland: VAT returns using the JPK_VAT file
Portugal: e-Invoicing and e-Accounting