Making Tax Digital (MTD) is a mandated Government initiative to streamline tax reporting and VAT returns. if you (or your company accountant or bookkeeper) need an kind of support with implementing software for making tax digital then the TouchstoneEnergy team are here to help.
From April 2019, VAT-registered businesses with an annual turnover exceeding £85,000 are required to submit digital tax filings and VAT returns using HMRC's platform.
Software for making Tax Digital links financial transactions in your accounting system digitally, thereby enabling traceability and reconciliation of source data to the VAT return, all before final completion and upload to the HMRC platform.
A fully auditable Making Tax Digital solution is designed to automate the link between Infor SunSystems and HMRC.
Using our Making Tax Digital solution, you can directly and securely upload and transfer data from your Financial Management System into a MTD-compatible format via the HMRC API - automating the process and eliminating the risk of costly errors.
For further information or to discuss how Making Tax Digital could meet your organisation's requirements, please fill in the form and one of our expert advisors will be in touch.