There are only a few weeks now until it arrives at last, after all the talking, debates and changes to the plan.
We know there’s a lot of anxiety about finding a solution and that’s what we’re filling you in on today with some exciting news.
No, it’s not Brexit that we are talking, it’s Making Tax Digital.
Helping you comply
We want to tell you about our brand new Keytime VAT Filer solution that will help you comply with MTD.
It’s what HMRC calls ‘bridging software’ and it is now available to buy as part of our Keytime Accountants' Suite.
As a reminder, starting in April, all businesses with a turnover above the £85,000 VAT threshold will need to keep digital records and file their VAT returns via HMRC’s new APIs.
Bookkeeping software such as KashFlow is the ideal solution for MTD for VAT requirements but we realise that, for various reasons, including the complexity of certain VAT cases, this doesn’t suit everyone. So, that’s where Keytime VAT Filer comes in.
Keytime VAT Filer allows you to import summarised VAT figures from Excel.
It automatically connects to HMRC, and retrieves client data, such as previous submissions made under MTD, current VAT obligations, liabilities due and payments already made.
Your clients’ submissions are, therefore, much more straightforward.
What are the key features?
Here’s a round-up of the key features:
Lastly, if you weren’t already aware or haven’t yet signed up, HMRC’s beta programme for MTD for VAT is running and available for all business types to join ahead of go-live in April. Check out the HMRC website for more.
Want to know more? Need extra help with MTD compliance?
Call us on 0344 815 5560 to discuss VAT Filer and other MTD compliance matters with a member of the team.