Taking the stress out of MTD for Accountants
Date Published: December 21, 2018
Category: BTCSoftware News, MTD for VAT, Making Tax Digital
BTCSoftware’s Making Tax Digital solution BTCHub takes the stress out of MTD for Accountants, its compliant and is very much a reality and available.
BTCSoftware solutions which have been tested at HMRC and are listed as compliant for MTD for VAT which begins on 1st April 2019.
From that date, businesses with a turnover above the VAT threshold (currently £85,000) will have to:
Keep their records digitally (for VAT purposes only). Provide their VAT return information to HM Revenue and Customs (HMRC) through Making Tax Digital (MTD) functional compatible software
MTD is available on a voluntary basis to other businesses, for both VAT and Income Tax.
Take a look at this video to see it in action and see how simple it really is.
HMRC MTD for VAT-approved
Back in July, BTCSoftware was one of the few software developers announced by HMRC as having MTD for VAT-friendly software. This showed the software developer had demonstrated a prototype of its software to HMRC and had tested its products successfully in HMRC’s test environment.
BTCSoftware has always been at the helm of MTD’s evolution with the team working closely and supporting HMRC with its testing.
MTD for VAT made easy and affordable
BTCSoftware’s MTD Solution is cloud-based and can be purchased as a standalone product for £250 (+VAT) for an annual licence. That’s just a £1 a return. Taking just a few minutes to set up, subscribers gain unlimited free support from the company’s friendly UK-based team.