Making Tax Digital for VAT

Help and Guidance

Whilst Making Tax Digital for VAT (MTD for VAT) represents a major change for UK businesses and their accounting and tax advisers, we at BTCSoftware are doing our utmost to ensure compliance is quick, unobtrusive to businesses’ existing systems and processes, and affordable.

From 1st April 2019, the bulk* of VAT-registered businesses with a taxable turnover above the VAT threshold (currently £85,000) 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

And so starts the implementation of HMRC’s long-held goal to move businesses (and in time individuals) over to digital record keeping. Making Tax Digital for VAT (MTD for VAT) is part of the much wider MTD programme that in time will cover other areas of tax submissions and payments.  It is the first to be fully implemented and will initially affect most businesses over the VAT threshold.

*Note: Roughly 3.5% of VAT-registered entities will be mandated into MTD for VAT from 1 October 2019 instead. These represent organisations with more complex VAT arrangements – find out more in our section Does This Affect You?

Handy MTD for VAT resources to help you prepare

From the insight the BTCSoftware team has gained by…

  • working with HMRC in its MTD for VAT road-testing, and
  • talking with our clients
  • following all the latest MTD announcements

… we have put together a number of handy resources, guides and videos to help you prepare and comply with MTD for VAT.  Click on the relevant areas below to access the information you need.

Does this affect you?

FIND OUT MORE

What is MTD for VAT and which businesses are affected?

See it in action

FIND OUT MORE

How does MTD for VAT work and what does compatible software look like?

How we can help

FIND OUT MORE

BTCSoftware and MTD for VAT – how we can help you.

Getting authorised

FIND OUT MORE

Arranging Authorisation with HMRC for MTD for VAT – hints and tips

How to prepare your practice for MTD for VAT

See our handy five-point checklist to help and assist your practice

How to prepare your clients for MTD for VAT

Our user-friendly guide will help you help your clients prepare

Frequently asked MTD for VAT questions answered

Answers to questions posed in our MTD for VAT webinars

Need further help?

If you have any questions relating to MTD for VAT or would like a one-to-one demo of any of our products, contact the sales team at:

e: sales@btcsoftware.co.uk  or t: 0345 241 5030

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

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