Hoge MTD - A Making Tax Digital module for Access Dimensions
Making Tax Digital is a key part of the government's plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
HMRC's ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to the way the tax system works; transforming tax administration.
In order to get ready for MTD, businesses need to use software that complies with HMRC systems. The software should:
- Keep digital records according to MTD regulations
- Maintain records digitally in line with MTD regulations
- Digitally send VAT returns containing/alongside information held within the software
- Provide VAT data to HMRC where necessary
- Access information sent by HMRC via an API platform
HMRC's programme went live on 1 April 2019 so, if your turnover is more than the £85k VAT threshold, you'll need to file your returns directly and digitally.
The good news is that, if you use Access Dimensions, we have an MTD module that's compatible for them and straightforward for you.
The module is really easy to use and we've created some simple videos to help:Submitting a VAT return for a single company Preparing the return if you're a subsidiary and the VAT return is submitted by 'head office' Submitting the head office VAT return
To find out more
call 01905 947257
Making Tax Digital