Copying and pasting from spreadsheets is not allowed as part of the digital VAT return for MTD from 1st April. There must be a digital link between spreadsheets so that figures are not copied and pasted manually.
Takings from tills can be recorded daily into spreadsheets/software if you can not link the till directly to the software, but the information must contain daily gross takings rather than a weekly or monthly total.
According to an HMRC webinar, if you need to post journals to change the VAT figures (for example fuel scale charges) they are allowable as long as there is sufficient detail recorded in the software when the journal is posted.
The VAT notice with all the details in for businesses is Notice 700/22.
07825 152951Home Page Blog Facebook LinkedIn
I learned more about how to direct my business in 20 minutes talking to Jen than in 4 years of meetings with my accountant.
Rob L, Aston Clinton
I have never used a bookkeeper before so I was a bit apprehensive. Working with BW has been the best decision we have made recently. I knew we needed help with behind the scenes work and this has been a real relief.
Sam B, Cheshunt
BW was recommended by a friend to help with me with my dog grooming contract, will definitely use again
Daisy Spring, Aston Clinton