22 November 2018
From April 2019, MTD for VAT will be compulsory for all organisations with a turnover above the current VAT registration threshold of £85,000. Businesses are required to keep digital records and submit their VAT returns using MTD compliant third-party software.
Andica has been developing solutions for Making Tax Digital for VAT - MTD VAT.
We will very soon be releasing an Excel Bridging Software that integrates with Microsoft Excel Spreadsheet and enables interaction with HMRC MTD VAT system for submission and retrieval of MTD VAT data.
Businesses, book-keepers and accountants who are using Microsoft Excel to record VAT transactions and calculate VAT 9 Box values will be able to use this new software to submit their VAT Returns digitally.
The software will also provide features to retrieve various VAT data held and made available by HMRC.
Key features of the software are:
Further information and product release announcements will be published on our website and Andica social media channels.