HMRC – Making Tax Digital | Omni Accounts
This is an initiative by HM Revenue & Customs in the United Kingdom to make it easier for businesses to submit their tax returns.
Registered businesses whose turnover is over the tax threshold will be
required to submit their VAT Returns digitally from 1st April 2019. This
will have to be done by using Maxing Tax Digital (MTD) compatible software.
Omni Accounts is listed by HMRC as being compatible for MTD for VAT.
this stage the project is still in its initial testing and the Omni
Accounts Support Team as well as the HMRC’s SDST (software developer
support team) are available to be on stand-by for a business doing its
Other components of Making Tax Digital (MTD)
such as income tax, are expected to be only implanted by April 2020 at
It is recommended that you visit the HMRC website to obtain all the information on the MTD project.
The advantage of MTD will be an easier way of submitting VAT returns especially for smaller businesses.
you already use Omni Accounts Vat Return function then, after the
initial setup, the submission process is seamlessly built into preparing
your VAT Return in Omni Accounts.
Please note that only Omni Accounts Business Pro, Enterprise or Premium bundles include this functionality.
Send an email to email@example.com if you wish to learn more.
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