FAQs

Changes after 1st April 2021

MTD – Bridging Software is here to stay From 1 April 2021, businesses using bridging software need to ensure that digital links are used when transferring the accounting data to the bridging software when completing VAT returns. What does this mean? ‘Copy and Paste’ is no more. But, the linking Read more…
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VAT – Domestic Reverse Charge

What is it? Brought in March 2021, businesses that supply construction services to VAT registered customers no longer apply VAT to invoices. Instead, the customer accounts for the VAT. The charge applies to standard and reduced-rate services which fall within the scope of CIS and where the customer is not the end Read more…
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Different VAT Schemes

We accommodate all VAT Schemes. FRS, Groups, Partial Exemption, Capital Goods, Margin Schemes, Cash Accounting, Annual Scheme, Retail Schemes, Payments on Account etc can all use our easy to use sheet and software without the need to register or login to our systems
By admin, ago

Who can use this software and service?

Anyone and everyone, originally devised for small businesses that used paper or spreadsheet to manage their accounts, we have farmers, barristers, engineers, tourist attractions even pension companies and software houses. We are fully recognised by HMRC as a bridging supplier and are listed as CHM MTD Bridge on the HMRC Read more…
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Are you recognised by HMRC?

Yes, we are recognised by HMRC , the solution is listed in the bridging section and is CHM MTD Bridge which links to https://www.chm-software.co.uk https://www.tax.service.gov.uk/making-tax-digital-software Select bridging in the “software for” section, We are  listed as CHM MTD Bridge
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How does this solution work?

Our solution comprises 2 distinct elements A Spreadsheet (Excel, Open Office, LibreOffice) A web portal which allows you to logon and submit to HMRC in an MTD compliant way We have 3 business models Individual Businesses submitting their own returns (£7.50 + VAT per return) payable by Card or Paypal Read more…
By admin, ago