Making Tax Digital (MTD) is fast approaching and many businesses still don’t know the best ways to digitise their accounts. If you’re struggling, Bridging Software can offer a useful solution to help you make the 1 April deadline.
If your business is not able to use your accounting system’s functionality to submit VAT returns, HMRC has authorised third-party software providers to provide “bridging software”.
It will allow you to send digitally automated VAT information from non-MTD enabled ERP systems or spreadsheets to HMRC’s.
We Can Help
At Mazars, we offer an HMRC compatible cloud based bridging solution. Our solutions are tailored to each client’s needs and will help make sure you’re ready for MTD.
What Is Involved
- We will work with you to understand your business requirements and what changes you still need to make ahead of 1st April 2019 (or 1st October if your business is deferred).
- We will then complete a thorough review of your current VAT compliance processes and ERP system, preparing a detailed report on findings and recommendations to ensure you are MTD compliant.
- Following this report, we will make improvements to your current processes, such as re-coding the VAT liability for each income stream of your ERP system.
- Finally, if you would like to implement bridging software to file your VAT returns under the new MTD requirements, we will introduce this to your business.
Mazars Bridging Software for MTD
Get In Touch
If you would like to know more about our Bridging software and how to become MTD compliant please get in touch today.