Bradbury Phillips is Making Tax Digital for VAT
A new version of Agency Manager has been released which includes important functionality to address the HMRC requirement of ‘Making Tax Digital for VAT’ for users of SAGE Accounting software. The UK government’s MTD initiative sets out a vision for the ‘end of the tax return’ and the implementation of a transformed more efficient digital tax system by 2020. The deadline for this first initiative is 1st April 2019 by which time all VAT-registered businesses with a taxable turnover above the VAT threshold are required to use approved accounting software to submit their VAT returns.
The latest Agency Manager release also includes the addition of the new columns to the spreadsheet required by HMRC for the end of year reports of client income.
These new developments for Agency Manager are available from November 2018 and are free of charge to existing customers as part of our commitment to keeping abreast of industry and legislative changes. And in keeping with that message the BP development team welcome the opportunity to hear from clients using accounting systems other than SAGE so these can also be brought in line with the MTD initiative before the deadline.