MTD for VAT Made Easy – introducing BTCSoftware’s MTD Solution

Date Published: June 14, 2018

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

Visitors to the BTCSoftware stand at last month’s Accountex were amazed at just how simple and quick its MTD for VAT software was to use.  It means agents and businesses will be able to continue to use their beloved VAT-related spreadsheets and still be MTD for VAT compliant.

To ensure MTD for VAT doesn’t incur masses of additional work for agents and businesses in filing their returns, BTCSoftware have designed a quick and easy to use tool – MTD VAT Solution – which:

  • Enables Accountants to keep their VAT data in their existing and even multiple spreadsheets – irrespective of how those are set up and what spreadsheet software they use
  • Draws the data in digitally from the spreadsheet into an MTD for VAT friendly format for submission to HMRC
  • Validates and submits the VAT data in an MTD-compliant format to HMRC at the touch of a button

The whole process typically takes just over a minute.  Take a look at this video to see it in action.

Watch how easy BTCSoftware's MTD VAT Solution is

No need to ditch your VAT spreadsheets or workbooks

BTCSoftware’s solution also doesn’t require VAT-related data in the spreadsheet to be in a contiguous/one block of cells. It easily draws in data from multiple worksheets in the same workbook, for example if the user likes to store several VAT returns in one single workbook.

This means that Agents and businesses can continue to use their trusted and loved spreadsheets (in the format they like) and still be MTD for VAT compliant.

 

Additional time-saving features

BTCSoftware’s MTD Solution provides a window view of the client’s VAT payments and refund history, in addition to their history of MTD VAT submissions.  It also provides a quick online agent-client authorisation process with HMRC replacing (for MTD VAT only) the old 64-8 forms.

 

BTCSoftware’s MTD Solution – MTD for VAT made easy

BTCSoftware’s MTD Solution is cloud-based and can be purchased as a standalone product for £250 (+VAT) for an annual licence.  It also comes free with BTCSoftware’s Solution Suite.

Taking just a matter of minutes to set up, it comes with unlimited free support from our friendly UK-based team.  BTCSoftware’s MTD Solution is available to buy from August 2018 once final testing has been completed with HMRC.  You can now book a demo or pre-order by contacting the sales team at sales@btcsoftware.co.uk or t 0345 241 5030.

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