As award-winning Tax Software specialists and a finalist in the Making Tax Digital (MTD) category of the 2017 Software Excellence awards, we are delighted to announce we will be showcasing our Making Tax Digital VAT Software at Accountex 2018.
This is almost a year before MTD for VAT’s mandation in 2019.
Working closely with HMRC’s Digital Team
The BTCSoftware team are currently devising our MTD VAT solution and in doing so have been working closely with HMRC’s Digital team. We have joined their private BETA programme for MTD VAT.
Our MTD VAT software will be implemented within our Practice Management solution – inherent in all our Solution Suite software. We will showcase it at our stand (530) at Accountex 2018 in May and have a software development roadmap in place to achieve this.
MTD VAT solution features currently in design:
- The software will enable agents to submit their clients’ VAT returns direct to HMRC in the required MTD format.
- It will enable agents to gather historic VAT return data from HMRC and view it. This helps them to see what has been submitted historically, particularly if they have only recently started acting for the client.
- The software may also let agents view non-MTD VAT data – we are just awaiting clarification from HMRC whether this functionality will be possible via their API.
- It will provide a view of the progress of the current return before its submission.
- The software will provide a window view of the client’s VAT payments and refund history.
- It will provide a quick online agent-client authorisation process with HMRC replacing (for MTD VAT only) the old 64-8 forms.
- The software is likely to integrate via APIs with Xero, Quickbooks, FreeAgent and Reckon One. We are currently working with those bookkeeping software providers to achieve this.
- It is also likely to accept CSV imports from other bookkeeping packages (including VT) and we are currently working with those providers to bring this about.
We are 100% confident our MTD VAT software solution will be available in late spring 2018 (way before the MTD VAT mandation in April 2019).
For further information and updates on the Solution’s development
You can find out about further updates of the Solution’s development and any further new functionality via our Making Tax Digital dedicated webpage. Alternatively contact the team at sales@BTCSoftware.co.uk or call tel 0345 241 5030.
