Making Tax Digital 'soft landing' finishes 31-03-2021

All data needs to be linked digitally for VAT returns starting after/spanning 1st April 2021.

Written by Jen Nolan - Tue 30th Mar 2021

bookkeeping and business development services

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.

More information on what is allowable if you use more than one type of software for MTD

Click here to read the relevant VAT notice from HMRC

BW Bookkeeping and Project Solutions Ltd.

6 Keats Court,
Eaton Ford,
St Neots,
Cambridgeshire,
PE19 7LX

07825 152951

jen@bwbps.co.uk

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Company Number 13495928
VAT No. 450467105
Registered in England and Wales - Registered Office: Staple House 5, Eleanors Cross, Dunstable, Bedfordshire, England, LU6 1SU

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Excellent bookkeeping service and knowledge of the work. We recommend this firm if you are looking for a bookkeeper,
Phil Bass, Dunstable

BW Bookkeeping is a breath of fresh air in the accounting sector. Supporting our businesses with skill and focus. Allowing management to to run the day to day projects and not be snowed under with delivery notes , wages and tax. The suggestions and input Jen and the team have implemented over our company are simple but brilliant as all the best ideas are. We love collaboration with BW Bookkeeping to support us in, not only running the day to day company but also building our buisness.
Joseph Walsh, St Neots

Outstanding! BWBPS sorted out my books then provided me with the support and training I needed to get everything up to date and back on track. Friendly, professional service which I would highly recommend.
Cake Company St Neots

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