Many people don’t realise there is a second phase to MTD and will think that their previous efforts will suffice. In fact, there are three elements to MTD for VAT.

  1. The software needs to be “capable of keeping and maintaining the records specified in the regulation
  2. Preparing VAT Returns using the information maintained in those digital records
  3. Communicating with HMRC digitally through the Application Programming Interface (API) platform.

What the second phase reveals is that the quality of your source material is paramount. Not sure you understand the governments mandatory technology reporting requirements, challenges, risks and rewards? We are here to help.

Not sure your data is clean -nNow is the time to  Audit your system.  We are here to help you ensure you have clean data and therefore accurate tax returns.

Not sure you are ready.

Contact us today – call Archie Gardner on 0845 1308499 or 07885104218.

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