Difference between revisions of "Making Tax Digital"
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{{Information|text=Please be aware that the deadlines for filing VAT returns and making payments are not changing.}} | {{Information|text=Please be aware that the deadlines for filing VAT returns and making payments are not changing.}} | ||
| − | === Platinum | + | === Settings up Platinum for MTD === |
Once you have registered for MTD with HMRC you will need to tell Platinum you are registered by changing a setting see [[How do I Set up Platinum for Making Tax Digital?]] for how to do this. | Once you have registered for MTD with HMRC you will need to tell Platinum you are registered by changing a setting see [[How do I Set up Platinum for Making Tax Digital?]] for how to do this. | ||
Revision as of 16:54, 6 December 2018
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This article or section is under development. Be aware: Content will change as the document progresses. |
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This article or section applies to a Platinum feature currently being developed. Be aware: Content may change. |
Contents
Summary
This article is designed to guide you towards help and information regarding the introduction of Making Tax Digital (MTD).
Please be aware this information may be updated as we approach 1st April 2019.
You may find additional advice and information by speaking to your accountant or following the information provided on HMRC's website; www.gov.uk.
More Information
 | Platinum Software has been recognised by HMRC as a software provider capable of meeting the requirements for MTD. |
You will need to update your Platinum system in preparation for using the new service. Please Contact your Platinum dealer or our support team on 0116 230 1500 or by using our website support contact page if you are unsure if you have the correct version of Platinum.
Key Points
As of 1st April 2019 VAT-Registered business, with a taxable turnover above the VAT threshold of £85,000, must keep digital VAT records and submit their VAT returns using MTD-compatible software.
A small minority of businesses have been given more time to comply. You must speak to your accountant or contact HMRC for advice if you are unsure if and when you are required to comply with MTD.
Businesses who join MTD must keep digital accounts and file their returns directly from that software.
Eligible businesses have to file under MTD for their first VAT period starting on or after 1st April 2019.
| Please be aware that the deadlines for filing VAT returns and making payments are not changing. |
Settings up Platinum for MTD
Once you have registered for MTD with HMRC you will need to tell Platinum you are registered by changing a setting see How do I Set up Platinum for Making Tax Digital? for how to do this.
Authorisation
Eligible businesses will need to sign up for MTD with HMRC.
Following this you will need to authorise Platinum for filing VAT digitally. Please see How do I Authorise Platinum for Making Tax Digital?
See also
- How do I Authorise Platinum for Making Tax Digital?
- How do I Run the VAT 100 Report?
- How do I Find my V.A.T. Submission Reports?
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