The changes will apply to VAT customers for accounting periods beginning on or after 1 January 2023 The new system allocates a point for each late return. Points will last for 24 months and then expire – in the same way as points on your driving licence. There is also a ‘totting up’ process, and [...]
Bridging software remains compliant after the soft-landing period for Making Tax Digital for VAT ends in April 2021. The soft-landing period was extended to reduce the pressure of the Coronavirus pandemic on businesses, but at this time HMRC has not announced a further extension. So, what do you need to know about compliance after the soft-landing period?
If the software returns the error message "The obligation [start date - end date] was not found" then you will first need to confirm that the dates in your VAT Return are correct. Most commonly, this error indicates that the period end date is incorrect; for example, 2020 is a leap year so the February [...]
Once you have renewed your MTDfVAT licence, you can easily remove the “Unlicenced” status message by refreshing the page, navigating to another page, or waiting 60 seconds at which point it will automatically update the status.
Please make sure you are logged out of MTDfVAT if you are exporting from Excel. Also, ensure you are not editing this record in another tab or browser window. If so, please save, undo or discard your changes as appropriate.
MTDfVAT integrates with most major bookkeeping software and accepts files in CSV format. You can also use our template to maintain digital records and our add-in to export from Excel to MTDfVAT.
Updated: The soft landing period has been extended until April 2021 to help businesses deal with the Coronavirus crisis. When MTD for VAT launched, HMRC allowed a period of adjustment for businesses. The soft-landing period runs until April 2020 and provides flexibility while businesses put their MTD for VAT solution in place. Please note that this [...]
Validate and submit VAT data to HMRC VAT dashboard view of obligations Excel and Spreadsheet friendly Integrate with bookkeeping software Import using CSV from legacy software User-friendly
MTDfVAT has been tested at HMRC and listed as MTD for VAT Recognised. Validate and submit VAT data to HMRC VAT dashboard view of obligations Excel and Spreadsheet friendly Integrate with bookkeeping software Import using CSV from legacy software User-friendly
The import CSV file option allows for digital transfer of VAT data to MTDfVAT from legacy sales and bookkeeping software. Export your data as a CSV file and use the easy import function to upload the file to MTDfVAT.