How to complete the MTD process with BTCHub in 8 simple steps

Date Published: March 19, 2019

Category: BTCSoftware News, MTD for VAT, Making Tax Digital

How to complete the MTD process with BTCHub in 8 simple steps

In order to make sure the BTCSoftware’s Making Tax Digital Solution worked with the new MTD procedure. We decided to run through with new business from start to finish.

First, they needed to sign up for MTD, this was straight forward with them following the link from HMRC and waiting 72 hours until they receive an email from HMRC saying they were signed up.

Next, they signed up for BTCHub and was up and running within a couple of hours. They can then download the Excel Template we offer with BTCHub.

 

  1. Using the Excel Template, fill in the tabs with Sales and Purchases:

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  1. After filling in the tabs, the VAT Return Summary will auto-populate the 9 box totals:

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3. You can then fill in the Business Name, VAT Registration number and VAT return from and to date:

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4. You can then go to Add-ins and select the [Export MTD VAT Data] image 4

5. You can then sign in with your email and password for BTCHub:

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6. You then have the option to [Save] if you wanted to finish your submission later. The [Discard] option allows you to start again, and then [Submit] to send to HMRC

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7. After clicking [Submit] you must confirm you gave authority to submit:

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8. After submitting your VAT return, you will have the option to view the [Submission Receipt]- you can either take a screengrab or copy the text for your records

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The customer who admits isn’t that techy found the whole process very simple and straightforward. Highlighting the included template makes it easy for anyone to record and then submit that VAT returns.

If you would like more information about BTCHub please visit BTCHub.

Contact the team on 0345 241 5030 or sales@btcsoftware.co.uk  www.btcsoftware.co.uk

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