HMRC are not bothering to publicise MTD

 

Currently 80% of VAT registered Traders submit their VAT returns by manually entering the figures into a return on the Government Gateway. From April 2019 this will not be allowed, but worryingly it seems that is will still be possible. So traders may not know that they risk a penalty by carrying on doing what they have always done. 


From the relevant date VAT returns will have to be submitted digitally. Basically that means that the figures must be transferred from your software and input HMRC's system electronically without any manual stages. Some software will do this direct, others will need an API (a linking piece of software to act as an interface). All VAT registered traders should find out if their software is suitable (assuming they have software in the first place) and if it is not and will still not be by the deadline then they need to consider changing software. 

We are working with a number of software products that are compatible including Quickbooks, Xero and Counting Up.
 
 

From the relevant date VAT returns will have to be submitted digitally. Basically that means that the figures must be transferred from your software and input HMRC's system electronically without any manual stages. Some software will do this direct, others will need an API (a linking piece of software to act as an interface). All VAT registered traders should find out if their software is suitable (assuming they have software in the first place) and if it is not and will still not be by the deadline then they need to consider changing software. 

We are working with a number of software products that are compatible including Quickbooks, Xero and Counting Up.