Practitioners will be well aware that VAT registered clients with turnover in excess of £85,000 will need to file returns using HMRC’s MTD links from April 2019.
It is interesting, that with less than a year to go, only four software providers are listed as able to cope with the MTD requirements. They are:
Software supplier | Feature(s) | Who can use this |
Absolute | Digital record keeping Updates to HMRC for self-employment Updates to HMRC for UK property (excluding furnished holiday lettings) Tax estimates from HMRC based on provided updates | Agents and businesses |
Forbes | Digital record keeping Updates to HMRC for self-employment Updates to HMRC for UK property (excluding furnished holiday lettings) Tax estimates from HMRC based on provided updates | Agents and businesses |
IRIS | Digital record keeping Updates to HMRC for self-employment Updates to HMRC for UK property (excluding furnished holiday lettings) Tax estimates from HMRC based on provided updates | Agents |
Rhino | Digital record keeping Updates to HMRC for self-employment Tax estimates from HMRC based on provided updates | Businesses |
HMRC, of course, does not recommend or endorse any one product or software supplier and is not responsible for any problems you have with software!
Practitioners who are using software not yet approved for MTD would be advised to contact their supplier to see when they will be fit for MTD filing purposes. The clock is very definitely ticking.
Comments are closed.