The following records must be kept in an MTD Compliant manner:


Designate Data

  • Business Name
  • Address of your principle place of business
  • VAT Registration number
  • A record of any VAT accounting schemes used

For each supply you make

  • The time of supply (the tax point)
  • The value of the supply (Net excluding VAT)
  • The rate of VAT charged

For each supply you receive

  • The time of supply
  • The value of the supply
  • The amount of input tax that you will claim

Your Summary data including

  • The output Tax due on sales
  • The output Tax due on acquisitions from other EU member states
  • The tax payable on behalf of your supplier under a reverse charge procedure
  • The tax that needs to be paid following a correction or error adjustment
  • The input tax claimable from business purchases
  • The input tax allowable on acquisitions from other EU member states
  • The tax reclaimable following a correction or error adjustment
  • Any other necessary adjustment required by VAT rules