HMRC is working with more than 150 software suppliers who have said they’ll provide software for Making Tax Digital for VAT in time for April 2019.
If your taxable turnover is above the VAT registration threshold you must follow the rules set out in VAT Notice 700/22 by 1 April 2019.
More than 40 of these suppliers have said they’ll have software ready during the first phase of the pilot, in which HMRC is testing the service with small numbers of invited businesses and agents. Other software suppliers will follow. The pilot will be opened up to allow more businesses and agents to join later in 2018.
HMRC is working with software suppliers in the pilot who have:
- tested their products in HMRC’s test environment
- already demonstrated a prototype of their software to HMRC
HMRC will update their approved supplier list as testing progresses, the full list can be viewed here. Check with your existing software supplier to find out if they’ll be supplying suitable software before or after the pilot, or contact Avanti for advice and the best available rates on Xero software.
Did you know Avanti accountants are Xero certified silver partners, meaning that your Avanti accountant has had to maintain their training records to keep their certification and can not only provide you with a proactive service, advising and assisting with your Xero file but can train you to get the best from the software!
Give Avanti a call (08000) 388 799 to see how we can help you ensure that you are ready for MTD!!