In the world of accounting, many people will have used VT Software, and with good reason as it is a reputable software brand that could help with your accounting needs.
Fast-forward to now, and VT Software has decided not to integrate a Making Tax Digital (MTD) for VAT solution within its products, leading many of its users to wonder how they are going to become MTD compliant, and quickly as the law for Making Tax Digital came into force earlier this year in April 2019.
Fear not VT Software users, for BTC Software have an MTD for VAT Solution that will allow you to comply with the MTD for VAT rules whilst still using VT. How good is that?
BTC have designed their software to allow VAT data from VT Cashbook and VT Transaction Plus to import into their MTD for VAT functionality via the Clipboard from VT. On top of this, it also:
- Enables agents to submit their clients’ VAT returns direct to HMRC in the required MTD format.
- Enables agents to gather historic MTD VAT return data from HMRC and view it. This helps them to see what has been submitted historically, particularly if they have only recently started acting for the client.
- Provides a quick online agent-client authorisation process with HMRC replacing (for MTD VAT only) the old 64-8 forms.
For more information on how you can benefit from this offering from BTC Software please head on over to https://www.btcsoftware.co.uk/mtd-for-vat-vt-users/ where you will find a whole host of information about what we’ve covered and more. If you have any questions or queries about anything that is covered then the BTC team will be more than happy to discuss this with you, whether over the phone or via a series of emails. It is too good an opportunity to miss out on, and it will help you stay compliant for your clients.
*On top of this fantastic piece of news, it is also well worth noting that BTC Software is also currently working with other bookkeeping software providers including Xero, QuickBooks, FreeAgent, and Reckon One. This will ensure that BTC’s MTD for VAT solution will also integrate with these products too via APIs (as their other software solutions do). Even more great news to ensure that many more people and their clients are staying compliant with the relatively new concept of Making Tax Digital.