Products


f_MTD VAT - HMRC Making Tax Digital


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!
FormaServe

Warning!

This is a legal requirement.  It is not optional.    If you are above the VAT threshold you have to comply!

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 & runs on the IBM i Power server.

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.

It has the following functionality;


  • Submit VAT Returns, whether monthly or quarterly
  • View existing VAT returns
  • View VAT Liabilities
  • View VAT Payments
  • View VAT History
  • Import from other Software

Demonstration

Use the contact form here if you would like more details, or a demo, of the VAT submission service we can provide.


Need help figuring out MTD?

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.

Full details

For full details of Making Tax Digital, check out HMRCs website.