MAKING TAX DIGITAL FOR VAT

Making Tax Digital applies to UK businesses exceeding the £85,000 threshold. It is a mandatory requirement to create and submit a digital VAT return via HMRC’s API and from 1 April 2021 digital links must be implemented to create an end-to-end digital process.
DEMYSTIFYING DIGITAL LINKS WEBINARALPHAVAT BROCHURE

MTD COMPLIANCE SUITE

We have developed the MTD Compliance Suite comprising four modules which is specifically designed to allow businesses to meet the challenges of MTD for VAT.

AlphaBridge

Uses digital records and the HMRC API to create a digital VAT return in compliance with requirements for 2019.

AlphaVAT

Manages complex VAT requirements (e.g. large volumes of reports) for VAT groups and partial exemption.

WHAT IS A DIGITAL LINK?

How should you interpret the term ‘digital link’? What does it mean in practice? Matt Lewis explains
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DIGITAL LINKS: A GUIDE TO MTD IN 2021

Read our report to discover the pros and cons of the four compliance options put forward by HMRC and how to get the most out of digital links mandate.
READ OUR DIGITAL LINKS COMPLIANCE REPORT

DEMYSTIFYING DIGITAL LINKS WEBINAR

What are the options when it comes to implementing digital links? Can and should you use your MTD bridging solution? Are there risks in using spreadsheets? How can you still make amendments and adjustments?

To find the answers to these and other questions, sign up for one of our Demystifying Digital Links webinars.

DEMYSTIFYING DIGITAL LINKS WEBINAR

CHALLENGES AND OPPORTUNITIES

MTD is part of a global regulatory drive which is streamlining the tax process and increasing transparency to create consistent revenue streams. HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world and its direction of travel could well see the introduction of concepts such as electronic invoicing and quarterly reporting for corporation tax in the future. MTD will therefore demand more data and require processes that can support granular reporting and audit.

Compliance workloads are increasing as a result, forcing businesses to adopt technological solutions to automate manual processes. Under MTD we’ve already seen the introduction of software to digitally submit VAT returns and from 2021 the digital links requirement will see this tax regime become a fully digital end-to-end process. How the business chooses to comply with the digital links mandation will affect their digital readiness with respect to further regulatory change under MTD.

BOOK A DEMONSTRATION

If you would like to have a one-to-one demonstration of our MTD for VAT compliance solution, call us or email us with your requirements.
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FUTUREPROOF COMPLIANCE

AlphaVAT is a dedicated cloud-based compliance engine that provides you with complete control over the preparation, calculation and management of the VAT return. Discover how – through the implementation of digital links from digital records, the automation of calculations and the delivery of digital submissions – you can become fully compliant with MTD for VAT.

DIGITAL LINKS: YOUR OPTIONS

The second mandation under MTD will require the implementation of digital links. These will create a digitalised process from digital records all the way through to the digital submission process. We look at the options available to achieve compliance and weigh up the positives and negatives.
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EXPERTS IN COMPLIANCE

Tax Systems customers make up 43 percent of the FTSE 100 and 23 of the top 25 accountancy firms. We have been working with HMRC for over 25 years on tax compliance and are a recognised supplier for MTD for VAT. We believe there needs to be a gradual transition to meet evolving compliance demands and have developed a four step process that benefits and futureproofs the business.
FOUR STEP PROCESS

WANT TO KNOW MORE?

See below for more information on optimising data collection, automation of your processes, and guidance on selecting your MTD for VAT solution.

WHY MANUAL PROCESSES WON'T WORK ANY MORE

Andy Dancer, CTO, unveils how regulatory demands coupled with business process automation are reshaping the tax function

HOW DIGITALISATION COULD SIMPLIFY PESM

Rob Ogilvie explores the effects digitalisation could have on Partial Exemption Special Method (PESM)

THE FOUR OPTIONS FOR DIGITAL LINKING

Alastair Sharp looks at the pros and cons of the four approaches to MTD for VAT phase 2 compliance.

MYTHS AND MISINFORMATION AROUND MTD PHASE II

There’s much confusion over MTD for VAT Phase 2. Matt Lewis separates the fact from the fiction.

TAX PROFESSIONAL SURVEY 2019

Read our report on Attitudes and Approaches to Making Tax Digital, produced in conjunction with Accountancy Age, to prepare for the future of tax.

ALPHAVAT DEMONSTRATION

Lloyd Bristow showcases how AlphaVAT, our MTD for VAT solution, enables compliance by meeting 2019 and 2020 requirements.

3 REASONS TO REDUCE SPREADSHEET DEPENDENCY

80% of businesses currently rely upon them for tax purposes. But are they still the best tool for the job?

8 PROBLEMS WITH SPREADSHEETS

Did you know spreadsheets can put the business at risk? Alastair Sharp summarises the dangers and how to overcome them.

Contact Us

Give us a call or fill in the form below and we will contact you. We endeavor to answer all inquiries within 24 hours on business days.
+1 212 946 2700