MTD Free Software

Discussion in 'Accounts & Finance' started by sniper74, Sep 11, 2019.

  1. sniper74

    sniper74 UKBF Newcomer Free Member

    16 1
    Hi. We do our accounts on an excel spreadsheet. I know Sage and Quick Books are roughly £12 a month to subscribe to but is there any free software out there so we can link our excel spreadsheet to enable us to submit our VAT figures with having to pay out a monthly fee?
     
    Posted: Sep 11, 2019 By: sniper74 Member since: Apr 30, 2018
    #1
  2. John Hemming

    John Hemming UKBF Regular Full Member

    195 24
    There are quite a few options for free software (including mine - see signature).
     
    Posted: Sep 12, 2019 By: John Hemming Member since: May 23, 2019
    #2
  3. Victoria_V

    Victoria_V UKBF Regular Full Member

    143 19
    Hey there! To be MTD compliant for VAT, you can continue to use excel spreadsheets to keep digital records of your business’s transactions, but excel spreadsheets on their own will not make you MTD compliant, so you could get something called a bridging software which will work as an interface between HMRC’s VAT submission portal for MTD and your spreadsheet.


    HMRC has produced a list of software for MTD for VAT. This list also includes bridging software. You should be able to search online to see if any of the bridging software shown on the list is free to use.

    https://www.tax.service.gov.uk/making-tax-digital
     
    Posted: Sep 12, 2019 By: Victoria_V Member since: May 29, 2019
    #3
  4. John44

    John44 UKBF Contributor Free Member

    70 1
    I'm just using Easy MTD for a fiver a submission. It's a piece of cake to use whilst HMRC and Great Plains still try to get the interface working,
     
    Posted: Sep 13, 2019 By: John44 Member since: Jan 25, 2013
    #4
  5. urstop

    urstop UKBF Contributor Free Member

    50 6
    Posted: Sep 13, 2019 By: urstop Member since: Feb 22, 2013
    #5
  6. Pish_Pash

    Pish_Pash UKBF Ace Free Member

    2,418 624
    I used VitalTax for my last submission (it's an excel add-in, so I just export my VAT data from Quickbooks as a spreadsheet, open in Excel & let VitalTax do the submission)...free for a year, then £12 per annum after that ...I was going to code up my own solution, but frankly it was so slick & so cheap, I can't be bothered to do so now!
     
    Posted: Sep 13, 2019 By: Pish_Pash Member since: Feb 1, 2013
    #6
  7. locutus

    locutus UKBF Regular Free Member

    141 3
    Sounds really good, if you're a small business. :)

    I actually use Xero for all of my accounting, and payroll, and I need something like Xero to keep track of all my receipts - I get a lot. It's also linked to my till system. It makes my life much easier.
     
    Posted: Sep 14, 2019 By: locutus Member since: Jun 12, 2015
    #7
  8. Pish_Pash

    Pish_Pash UKBF Ace Free Member

    2,418 624
    Even for a medium/larger sized business, deploying bridging software (such as Vitaltax etc.) has it's place.....the pain (& potentially...cost) of migrating from legacy accounts software (which hasn't MTD functionality built-in) to Saas acccounts software is significant, so IMHO it's far better just to pay £12 per annum for something like VitalTax etc & be MTD compliant on your existing old accounts software.
     
    Last edited: Sep 14, 2019
    Posted: Sep 14, 2019 By: Pish_Pash Member since: Feb 1, 2013
    #8
  9. mlp1freya

    mlp1freya UKBF Newcomer Free Member

    1 0
    If you have an old version of Sage and don't want to pay £££ to upgrade, then download AmbitionMTD it links to sage, ridiculously simple, just run VAT as normal then go into Ambition to submit, costs £7.50 plus VAT per return, so £30 for a year vs £162 pmth.
    I tried the Avalara spreadsheet but it took days and still wasn't working. This took minutes and saved me a massive headache!!
     
    Posted: Sep 25, 2019 By: mlp1freya Member since: Sep 25, 2019
    #9
  10. UK Contractor Accountant

    UK Contractor Accountant UKBF Big Shot Full Member - Verified Business

    4,707 791
    We use in house VT Transaction+ cash book - £75 + vat per year.
    Comes with the Excell MTD bridge as well
     
    Posted: Sep 25, 2019 By: UK Contractor Accountant Member since: Sep 18, 2013
    #10
  11. Easy MTD VAT

    Easy MTD VAT UKBF Newcomer Free Member

    2 0
    Hi John. I'm glad you're using Easy MTD VAT to submit your returns. The cost of using our software to submit a return can be reduced by simply purchasing in bulk (on our website move the slider to the right in the Buy Submission Tokens section).

    You are also likely aware that your first submission is free - i.e. we provide a complimentary submission token when signing up for an Easy MTD VAT account.
     
    Posted: Oct 28, 2019 By: Easy MTD VAT Member since: Oct 28, 2019
    #11