Online VAT portal to close in May
Businesses will need to follow MTD for VAT rules.
Confusion over MTD software pricing
Businesses cite pricing and hidden costs as a concern.
New VAT penalty regime starts from 1 January
Default surcharge to be replaced by a fixed rate, points based system.
Old MTD for VAT portal to close
Businesses have until November to become MTD-compliant.
MTD for VAT brings in extra £195m
Scheme cuts costs caused by mistakes, HMRC says.