MAKING TAX DIGITAL FOR VAT – HOW MICROSOFT EXCEL CAN HELP YOUR BUSINESS
29 August 2019
With Making Tax Digital for VAT (MTDfV) live for five months now, we have already gone past the deadline for submission of the first MTDfV returns for businesses that file their VAT returns on a quarterly basis.
Prior to submitting your first quarterly MTDfV return, you should have already:
- Obtained MTDfV-compliant software capable of submitting VAT returns under the new method (could be as simple as an Excel spreadsheet plus ‘bridging software’)
- Signed up to HMRC’s digital platform
- Authorised your MTDfV software provider to submit MTDfV returns on your behalf
- Received your confirmation email from HMRC confirming that you are ready to submit MTDfV returns under the MTDfV regime.