Discuss Making Tax Digital (MTD) .............. in the Business Related area at ElectriciansForums.net

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Who the hell still uses paper?

Many, many, many people it would seem .......

Its not just about paper - MTD means you need software to send the information to HMRC - listen to the podcast ............
 
Many, many, many people it would seem .......

Its not just about paper - MTD means you need software to send the information to HMRC - listen to the podcast ............

I cannot be bothered. It is well overdue and things need to be brought into the modern age.
 
Last edited by a moderator:
This video seems to explain simply what is and isn't acceptable in terms of Excel submissions.
After watching it, as an exercise, I exported our last Sage VAT return to a two tab excel file (detail and summary) and replaced the text output with formula, then replaced the box 1-9 text output on the 'summary' tab with calculations pulling the respective values in from the 'detail' tab. I added a check formula for boxes 1-9 to confirm 0 variance between my formula and the initial Sage data. It took about 10 minutes to make an MTD compliant Excel file.

Sage (and others) want to use MTD to force people onto their 'pay monthly' cloud based software. Reality is for us and probably most small businesses, this will just add cost and no benefit, which is why we won't be going there!
 
I'm not sure if they are introducing all eligible businesses onto MTD at once (which, if so, will likely become another government disaster) however both our companies have had notification that the Jan-Mar VAT returns (due the first week in May) are the last quarter that can be filed 'the old way'. I see there is the option to go onto MTD straight away, however if you do this, you can't change your mind and revert.
 

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