As we head closer to the April 2019 VAT deadline, information about MTD is coming out from all angles. Simply put, when Making Tax Digital (MTD) states that VAT return data must be kept and filed digitally, it means this: the software businesses use must be capable of providing information to HMRC and receiving information from HMRC digitally via their Application Programming Interface (API) platforms.
However there is increasing concern from firms that they won’t be able to make the transition to the fully ‘digital’ software environment demanded by compliance in time for the deadline. While most firms file online, the software journey taken to reach data entry into HMRC’s online portal often involves a self-selected set of support tools frequently featuring spreadsheets, the use of which has been highly debated as MTD compliance legislation has been released.
So how do you know what is the confirmed truth or hearsay about the new VAT process? Join this webinar hosted by Phil Thornton, Senior Product Manager at Wolters Kluwer who will bust all the myths around MTD and the new VAT regulations that will come into effect this April 2019.
In this webinar you will hear:
- Our explanation of the new HMRC VAT Notice 700/22
- Practical advice and guidance of how this will impact you and your clients
- How our VAT solution provides a painless transition to the new regime
Simply complete the form opposite to be taken to the recording
About our webinar host
Phil Thornton, Senior Product Manager - Wolters Kluwer
Phil is the Senior Product Manager for all things Digital, responsible for working with our customers to understand what becoming a digital practice means to them, what is happening in the market and to build solutions that will support our customers on this journey. Phil's primary focus over the past 12 months has been to support the transition to Making Tax Digital.