You might be aware that from 1st April 2019, UK VAT registered businesses with a taxable turnover above the VAT threshold (currently £85,000) will be required to use HMRC's Make Tax Digital service to keep records digitally & use software to submit their VAT returns.
HMRCs Making Tax Digital (MTD) initiative means that UK businesses will need to store digital records & submit updates to HMRC using recognised accounting software.
Our product, f_MTD, can be used to achieve this!
We work closely with HMRC to help make digital VAT submission easy & we are delighted to be a recognised, by HMRC, as a supplier of Making Tax Digital (MTD) compliant software.
Our product has been developed and runs on the IBM i Power server.
Our support team understands that switching from manual VAT submission to the new way may seem daunting. If you need help along the way, support is just an email, chat, or phone call away.
Use the contact form here if you would like more details, or a demo, of the VAT submission service we can provide.
The digital system is designed to make tax returns as accurate as they’ve ever been thanks to the online based system.
If your companies financial accounts are held on the IBM i, it makes sense to use our product to submit them to HMRC from there too.
For full details of Making Tax Digital, check out HMRC's website here.