What are the timescales for MTD?
HMRC Time Scales
What is the HMRC soft landing for MTD VAT?
For the first year of MTD becoming mandatory – VAT periods starting between April 2019 and 31 March 2020 businesses using non-API-enabled software programs do not need digital links between them. However, if a business uses a bridging product only to submit the boxes 1 to 9 return to HMRC, the Read more…
I use software that is pre-MTD, how do I use this bridging software?
Our bridging software works with any Excel spreadsheet. If your pre-MTD software can export to Excel, then our add-in will be able to file your return for you. Be wary that you will need to digitally link (most likely using macros) the exported data to a VAT calculation sheet and Read more…
How much does it cost to download and file my VAT return?
Our bridging software Excel add-in is FREE to download and integrate with any Excel spreadsheet for both MAC and Microsoft. The filing of the VAT return with HMRC will cost £7.50 + VAT per submission.
Is the filing process safe and secure?
The security and privacy of your data is of paramount importance to us, all transmissions from our MTD compliant VAT Add-in are secure using the latest HTTPS protocols with the highest levels of encryption, we use the HMRC to authenicate all our customer so we do not store or share Read more…
What information gets submitted to HMRC?
The only requirement under MTD VAT is the same information that is currently needed, that being the box 1-9 numbers only. Only the box 1-9 numbers can pass through the gateway
How do I integrate the bridging software add-in to my spreadsheet
Download for Free our MTD VAT add-in. If you operate on a quarterly VAT scheme then we advise you integrate 4 of our free add-ins per 12-month period (12 for monthly VAT returns). Simply link up the box 1,2,4,6,7,8 & 9 in each add-in to your VAT calculations sheets for each Read more…
Can I use spreadsheet under MTD VAT?
Yes, HMRC have explicitly said that recording businesses records digitally can be recorded in Excel spreadsheets providing that they are digitally linked. In order for a spreadsheet to be complaint with MTD, the initial input of the data in the first instance can be inputted manually. Any further transfer, recapture Read more…
When do I need to submit my VAT return digitally?
All UK businesses that are VAT registered with a taxable turnover exceeding the VAT threshold (currently £85,000) unless specifically exempted by HM Revenue & Customs will fall under MTD VAT for return periods starting on or after 01 April 2019. For those businesses with a VAT return stagger 1 March/June/Sept/Dec, Read more…