The double whammy of Making Tax Digital and a no-deal Brexit

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. When will MTD for VAT become effective for UK businesses?

  2. What does the acronym MTD stand for?

  3. What two key things does the MTD legislation require?

  4. Which event may complicate MTD for VAT further?

  5. Which of these reasons best describes why a possible no-deal Brexit will complicate MTD for VAT?

  6. What does the single market allow that will likely disappear after Brexit?

  7. Why is there general concern about MTD for VAT?

  8. Why does new software currently coming onto the market complicate things further?

  9. What step has HMRC taken to prepare itself for MTD for VAT?

  10. What is the current VAT registration threshold?