In April 2019, HMRC made changes to how you submit taxes. So if you are a VAT-registered business with a taxable turnover above the tax threshold, you will require using the Making Tax Digital service to keep records digitally and to use accounting software solutions to submit your returns.
Most of these solutions do not directly support VAT group submissions and only provide businesses with an option to submit individual VAT for MTD; this means that if any company has Group VAT to submit, it will need to modify their systems.
Sci-Net quickly recognised this issue and successfully developed an extension for Microsoft Dynamics Business Central for Group VAT for MTD submission. The experienced team here at Sci-Net will complete the set up for you, so in the future, it only takes a few clicks to get Group VAT submitted to HMRC, and what’s more, it is fully compliant with HMRC MTD requirements.
From April 2021, the soft-landing period HMRC granted comes to an end, and digital links for Group VAT will become mandatory. So, if you are still relying on manual processes or a bridge to submit your group returns, you will need to update your processes digitally by this date.
Sci-Net has already helped many of our clients with this extension and is ready to take your call to discuss how we can help.
Call: 01869 349949 Email: [email protected]
Micosoft Dynamics 365