Making Tax Digital (MTD) is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs – meaning the end of annual tax return for millions.
As of April 2019, businesses that have a turnover above the VAT threshold will be mandated to use the MTD system. This of course means that the business solution in place at your company will need to be able to support this new requirement.
Exel has now tested its software solutions in HMRC’s test environment and are on the list of confirmed software suppliers supporting Making Tax Digital for VAT.
As such, Exel customers using the latest versions of EFACS and Eagle Field Service will be able to submit their VAT returns in-line with the new Making Tax Digital system. Feel free to discuss this with your account manager.
Finding out more
For more information on the HMRC Making Tax Digital programme you can visit the gov.uk site here
To see the list of approved suppliers, which includes Exel, visit the gov.uk site here
To view Exel’s Data Sheet on this subject click here