When did the new rules for Making Tax Digital (MTD) apply?

HMRC Rules

Quiz
•
Other
•
12th Grade
•
Medium

Adele Curran
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
April 2018
April 2019
April 2020
April 2021
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a requirement under Making Tax Digital?
Digital record keeping
Manual VAT returns
Use of compatible software
Filing VAT returns digitally
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main focus of Making Tax Digital?
Increasing tax rates
Digitalization of tax records
Reducing business taxes
Eliminating VAT
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When was the guidance note accessed?
21st June 2021
21st June 2020
21st July 2020
21st May 2020
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What types of goods or services require a VAT invoice?
Only luxury goods
Only digital services
Standard rate or reduced rate goods or services
Only imported goods
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a VAT invoice?
To track inventory
To comply with VAT rules
To calculate profit margins
To manage employee salaries
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is a VAT invoice required for personal transactions?
Yes
No
Only for large transactions
Only for international transactions
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