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Making Tax Digital for VAT

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The solution for Accountants in Practice

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Flexible and user-friendly MTD for VAT bridging software for your practice

BTCSoftware’s MTD for VAT software is a cloud-based, Software as a Service (SAAS) product. It gives handy MTD for VAT bridging software functionality to enable compliance, but also without disruption to you and your clients’ existing accounting systems and processes.

BTCHub Control Centre

BTCHub has the following features

  • Management Dashboard
  • Control of submissions for Companies
  • Control of submissions for Individuals
  • Vat report centre
  • Dashboard view of your clients’ obligations
  • Dashboard view of all return payments and receipts
  • validates and submits VAT data in an MTD-compliant format to HMRC at the touch of a button
  • gives a window view of the organisation’s/sole trader’s MTD VAT payments and refund history
  • has spreadsheet-friendly functionality – irrespective of how those are set up and what spreadsheet software is used. The software draws the data in digitally from the spreadsheet into an MTD for VAT compliant format for submission to HMRC with validation checking
  • has a quick online agent-client authorisation process with HMRC replacing (for MTD VAT only) the old 64-8 forms
  • Seamlessly integrate’s with VT Software
  • The software will integrate via APIs with Xero, Quickbooks, FreeAgent and Reckon One.  We are currently working with those bookkeeping software providers to achieve this.
  • It will accept CSV imports from Sage and other bookkeeping packages and we are currently working with those providers to bring this about.

User-friendly bridging software

It is an ideal bridging software tool to make MTD for VAT quick and effortless for your Group and its subsidiary companies. It will work seamlessly alongside your existing systems.

See the software in action through a series of short videos.  Here’s an example of the spreadsheet-friendly functionality in action.

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MTD for VAT Software for Practitioners

Powered by BTCHub

  • Solution Cloud User
    £250
    • MTD for VAT filing to HMRC
    • Excel and bookkeeping bridging solution
    • Annual License
    • Telephone & Email Support
    • 250 Returns – Multiple VAT registrations
    • Multi-user - 5 Users
    • Dashboard view of VAT return obligations
    • Dashboard view of MTD for VAT submissions
    • Dashboard view of MTD for VAT Payments & Repayments
    • Client Centralised Database
    • Secure Amazon UK based server database
    • Client Integration with PM Solution*
    • * Requires BTCSoftware PM solution and Solution Cloud
  • Non Solution Cloud User
    £250
    • MTD for VAT filing to HMRC
    • Excel and bookkeeping bridging solution
    • Annual License
    • Telephone & Email Support
    • 250 Returns – Multiple VAT registrations
    • Multi-user - 5 Users
    • Dashboard view of VAT return obligations
    • Dashboard view of MTD for VAT submissions
    • Dashboard view of MTD for VAT Payments & Repayments
    • Client Centralised Database
    • Secure Amazon UK based server database
  • 125 ADDITIONAL RETURNS
    £125
    • MTD for VAT filing to HMRC
    • Annual License
    • 125 Returns Add-On
    • Requires Business or Professional Solution
  • ADDITIONAL USER
    £25
    • MTD for VAT filing to HMRC
    • Annual License
    • Additional User
    • Requires Business or Professional Solution

Despite initial worries that Making Tax Digital (MTD) for VAT would make accountants redundant, in reality, it is likely that clients will seek even more support and advice from practitioners. They will be turning to their accountancy and tax advisers to help them comply with the new regulations. Transitioning some to digital accounting is also likely to mean additional contact with clients and may also lead to further advisory work for you and your team.

 

How to prepare for MTD for VAT

In July 2018 HMRC published its VAT Notice 700/22 Making Tax Digital for VAT  with clarity on how MTD for VAT will run from 1st April 2019. It covered what VAT records must be kept digitally and also included examples and guidance on rules.

HMRC has also published a Stakeholder Communication Pack and, more recently, updated its Guidance for Businesses – to give a more user-friendly explanation of MTD for VAT which, for example, agents can use to help their clients prepare.

With the launch of the public pilot in October came the announcement that some more complex organisations (approximately 3.5% of VAT-registered entities) will have their MTD for VAT mandation date deferred till 1st October 2019. HMRC also published details of how agents and their clients can sign up to the pilot.

Your clients affected by MTD for VAT will be VAT-registered businesses with a taxable turnover above the VAT threshold (currently £85,000). They will need to:

  • Keep their records digitally (for VAT purposes only), and
  • Provide their VAT return information to HM Revenue and Customs (HMRC) through Making Tax Digital (MTD) functional compatible software

The bulk of those businesses must start following the MTD for VAT rules from the first day of their first VAT period that starts on or after 1st April 2019.

Those client organisations with more complex VAT arrangements and – as a result – a 1 October 2019 mandation include: trusts, not-for-profit organisations that are not companies (including some charities), VAT divisions, VAT groups, those public sector entities required to provide additional information alongside their VAT return (such as government departments and NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users.

Helpful resources along the way

Accountants are in a great position to help their clients understand their obligations in relation to digital account-keeping and MTD for VAT.   We have produced two handy five-point free guide’s to help accountancy practices and your clients get ready for MTD for VAT.

DOWNLOAD THE PRACTICE GUIDE

DOWNLOAD THE CLIENTS GUIDE

Also, take a look at the short demonstration video, and for further help visit our MTD for VAT Help and Guidance section.

MTD for VAT compatible software for you and your clients.

BTCSoftware is one of the software developers HMRC has recognised as supporting MTD for VAT. This acknowledges that we have successfully:

  • Tested our products in HMRC’s test environment
  • Demonstrated a prototype of their software to HMRC
  • Proved our software is able to comply with HMRC’s rules and guidelines

BUY NOW

MTD for VAT Software for Practitioners

Powered by BTCHub

  • Solution Cloud User
    £250
    • MTD for VAT filing to HMRC
    • Excel and bookkeeping bridging solution
    • Annual License
    • Telephone & Email Support
    • 250 Returns – Multiple VAT registrations
    • Multi-user - 5 Users
    • Dashboard view of VAT return obligations
    • Dashboard view of MTD for VAT submissions
    • Dashboard view of MTD for VAT Payments & Repayments
    • Client Centralised Database
    • Secure Amazon UK based server database
    • Client Integration with PM Solution*
    • * Requires BTCSoftware PM solution and Solution Cloud
  • Non Solution Cloud User
    £250
    • MTD for VAT filing to HMRC
    • Excel and bookkeeping bridging solution
    • Annual License
    • Telephone & Email Support
    • 250 Returns – Multiple VAT registrations
    • Multi-user - 5 Users
    • Dashboard view of VAT return obligations
    • Dashboard view of MTD for VAT submissions
    • Dashboard view of MTD for VAT Payments & Repayments
    • Client Centralised Database
    • Secure Amazon UK based server database
  • 125 ADDITIONAL RETURNS
    £125
    • MTD for VAT filing to HMRC
    • Annual License
    • 125 Returns Add-On
    • Requires Business or Professional Solution
  • ADDITIONAL USER
    £25
    • MTD for VAT filing to HMRC
    • Annual License
    • Additional User
    • Requires Business or Professional Solution

MTD for VAT software for your clients

If you have clients who want to file their own MTD for VAT returns, we can provide you with our MTD for VAT Client Solution.  For an annual license starting at £50+VAT per year, it will enable clients to file up to 4-12 VAT returns.  We will also provide free guides and email support from our friendly UK-based team.

Arranging Authorisation for MTD for VAT

Agents submitting MTD for VAT returns for their clients will need a new HMRC Agent Services Account for MTD.  This supersedes the previous 64-8 authorisation.  Your new clients will also need to log into their own Government Gateway accounts to authorise you as an agent to act on their behalf.

Check out our Agent Authorisation Tips and Guidance

Order Here

The HMRC Public gateway is now open

Can we help?

If you would like to talk to one of the team about our MTD for VAT solutions for your practice and clients, contact us  or call 0345 241 5030  or email Sales@BTCSoftware.co.uk

 You can also find the latest announcements on our blog or by following us on Twitter, LinkedIn or on Facebook.

Contact Us

Do you need assistance? Why not send us an email and we’ll get back to you asap.

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