Making Tax Digital Software

Making Tax Digital Software (MTD) for VAT registered businesses. HMRC approved software. Excel spreadsheet compatible (.xlsm). Get the Johnston Smillie MTD for VAT Filer today.

On 1 April 2019, HM Revenue & Customs changed the way that VAT registered businesses over the registration threshold (currently £85,000) are required to keep their VAT records. From this date, these businesses are required to:

• Maintain accounting records digitally using a software product or spreadsheet. Maintaining a paper accounting system will not meet the legal requirements of tax legislation.
• Submit VAT returns to HMRC using functional compatible software that can access HMRC’s new Application Programming Interface (API).

This is known as Making Tax Digital (MTD) for VAT.

In short this means that if your business is required to comply with MTD for VAT you will not be able to use the old HMRC online portal to submit your VAT returns.

If you have not already subscribed to software that is MTD for VAT compliant, we have developed our own software to ensure that you can comply with the new legislation – The Johnston Smillie MTD for VAT Filer. Our software is HMRC approved.

This is a standalone, easy to use Excel spreadsheet that will work alongside your current spreadsheet/s or other software that you can export your VAT information to Excel from. This will enable you to continue to use your existing bookkeeping system and assist you to become MTD for VAT compliant.

The Johnston Smillie MTD for VAT Filer will enable you to:

• Submit your VAT returns directly to HMRC
• View your VAT return obligations
• View previously submitted VAT return figures
• Link with any existing spreadsheet/s or other software that you can export vat information to Excel from that you currently use

While we were researching potential MTD for VAT solutions for our clients we noticed that many of the Excel solutions on the market were not at all user friendly. We have therefore strived to provide a solution that is simple, quick and very easy to use.

It does not take long to set up and only requires linking of cells to your current spreadsheet or the VAT information exported to Excel from your current software. We can assist you to do this and the set up can be completed in minutes.

The Johnston Smillie MTD for VAT Filer costs £450 + VAT. This is a one-off fee, so there are no annual charges or price increases or other hidden costs if you choose our solution.

Please note that ‘The Johnston Smillie MTD for VAT Filer’ will only work on Windows 7 or later and is not compatible with other operating systems available, such as macOS or Linux. It is also only compatible with Microsoft Excel version 2010 onwards and requires Macros to be enabled.

To get your copy of ‘The Johnston Smillie MTD for VAT Filer’ contact us today.

The Johnston Smillie MTD for VAT Filer is solely a bridging solution and is not intended to calculate your VAT liability. As such, Johnston Smillie will not be responsible for any errors in calculating your input or output VAT or for any false declarations made. In addition we will not assume any responsibility for meeting your filing VAT Return filing deadlines.

Unless you have already appointed us as your agent for VAT or ask us to become your agent for VAT we will not act as your agent for VAT with HMRC.

The Johnston Smillie MTD for VAT Filer will only ensure you meet the requirement to submit your VAT returns to HMRC using functional compatible software that can access HMRC’s new Application Programming Interface (API). You will still be responsible for maintaining accounting records digitally in the format required by HMRC using a software product or spreadsheet:

HMRC electronic record-keeping requirements

Should you have any problems using our software, you should give us a minimum of 48 hours’ notice of these during office hours (Monday – Friday from 9am -5pm) to assist to resolve these.

In the unlikely event that you have any problems with The Johnston Smillie MTD for VAT Filer, you should allow us time to resolve any issues by ensuring that you allow at least 48 hours before any VAT Return filing deadline to enable us to assist with your query.