Making Tax Digital - What's it all about?
Making Tax Digital is a key part of the governments plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs
HMRC's ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to the way the tax system works - transforming tax administration so that it is:
Does it Affect Me?
The introduction of MTD will affect most VAT-registered businesses with a taxable turnover above the VAT threshold. They will be required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT returns from 1 April 2019.
The exception to this is a small minority of VAT-registered businesses that fall into one of the following categories: trusts, ‘not for profit’ organisations that are not set up as a company, VAT divisions, VAT groups, those public sector entities required to provide additional information on their VAT return (Government departments, NHS Trusts), local authorities, public corporations, traders based overseas, those required to make payments on account and annual accounting scheme users.
How Can ZanyMTD Help?
ZanyMTD by ZanyParrot.com is designed to make the changeover to MTD for VAT as simple as possible. It's an Excel Add-in that allows you to continue using your VAT spreadsheets. Here'a a list of steps for submitting a return using ZanyMTD:
When you close the plug-in, the digital link is closed.
ZanyMTD is recognised by HMRC for UK Making Tax Digital and is listed on the HMRC's list of software products that support Making Tax Digital.
If you're unsure about anything or have any questions, please contact us using the form at the bottom of this page and we'll do our very best to help.
How much does it cost?
Individual Business (Single VAT Registration Number / VRN)
Agent
If you're unsure about anything or have any questions, please contact us using the form at the bottom of this page and we'll do our very best to help.
Ready to give ZanyMTD a try?
To download ZanyMTD, please go to the customer downloads area by clicking the button below.
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