Help and Support for Making Tax Digital
Any record keeping software can be used provided it keeps the individual transactions in digital form and can transfer the data in digital form to an MTD enabled bridging software.
Some more complex VAT adjustments, for example, Flat Rate Scheme, must be made outside of bookkeeping software after the base data has been exported to a spreadsheet. Any adjustments must be recorded in the spreadsheet to preserve the digital record.
HMRC recognise spreadsheets as an acceptable form of digital record keeping. This will be accepted beyond the soft landing period.
HMRC recognise bridging software as an important form of digital transfer, and it will be accepted for MTD for VAT returns beyond the soft landing period.
VAT reporting dates will not be affected by MTD for VAT. Businesses will report their quarters by the same deadlines. MTDfVAT can handle these dates.
HMRC don’t allow pennies in the totals, boxes 6 and 8, so this is rounded automatically to comply with HMRC requirements. You can find out more from HMRC here.
You can use your current Government Gateway login but should use this link to sign in.
Initially, HMRC wanted all underlying data to be submitted with the totals, however now this is not the case. All that is being transmitted in MTD-compliant format is the final 9 VAT totals.
This is an HMRC error code. As an individual or business using MTDfVAT, you must have subscribed to the MTD for VAT service with HMRC. If you haven’t signed up yet then you will encounter error 403. Please follow this link to sign up to MTD for VAT. There could also be an issue with [...]
Your Net VAT Due must be equal to the difference between the Total VAT Due and the VAT Reclaimed Current Period. This will always be a positive value. HMRC will use boxes 1 and 4 o determine if it’s a payment or a refund.