Group Making Tax Digital Solution
What is Making Tax Digital?
On 1st April 2019, the HMRC Making Tax Digital Scheme came into effect. Making Tax Digital requires all company tax and VAT to be reported electronically. Groups have until 1st October 2019 to start using Group Making Tax Digital compatible software to send their VAT returns to HMRC.
As a result, you will be required to keep digital records from the start of your accounting period using Making Tax Digital software.
If you don’t currently use accounting software, or your software is not compatible, this is where we can help you.
Group VAT Solution
If you operate a group company, you will be required to consolidate your VAT records and report these electronically.
We know it may seem daunting changing the accounting process you are used to. With this is mind, we have created bespoke software for group VAT reporting to make the submission process easier.
Features of our software:
- Consolidation of VAT figures.
- Ability to pull information from various accounting programmes.
- Direct report submission to HMRC from NAV.
- Visibility into VAT obligations.
Our Group Making Tax Digital software is supported in all the current versions of Microsoft Dynamics NAV. If you are not already a NAV user, we can help you with the licencing, setup and use of the software. So, get in touch today to get started and take full advantage of our Group VAT solution.
Groups need to submit their returns online from 1st October 2019.