new VAT digital returns

[George2009]

Sorry if this is already covered....

We run a micro limited company and are VAT registered. I received a letter a few days back that all VAT returns after 1st April need to be submitted digitally. I thought this is what we were doing anyway...

We do our book keeping on MS Excel 2010 upon which we calculate the VAT returns at the moment. Can we continue to use this or will we need to upgrade to Quick Books or Sage in order to make the digital returns in future?

thanks

 

[johndon68]

You can still use Excel but do a Google for MTD Bridging Software.

 

[SteveHa]

Are you voluntarily registered, or trading above the threshold. If the former, then you can carry on as you are. MTD is not mandatory for you. If the latter then, as johndon68 says, grab some bridging software.

 

[urstop]

You do not need Sage or similar accounting software just for MTD VAT. Check https://accountsdesk.co.uk/mtd bridging software. This works with Excel 2010. We have been using this for our spreadsheet based clients and works like a charm and is free to use for an year.

 

[MJ Holohan]

Are you required to be registered? Might be easier to deregister. Alternatively freeagent is useful software that looks after this for you. Best get moving though as deadline is fast approaching.

 

[MyAccountantOnline]

Sorry if this is already covered....

We run a micro limited company and are VAT registered. I received a letter a few days back that all VAT returns after 1st April need to be submitted digitally. I thought this is what we were doing anyway...

We do our book keeping on MS Excel 2010 upon which we calculate the VAT returns at the moment. Can we continue to use this or will we need to upgrade to Quick Books or Sage in order to make the digital returns in future?

thanks

As already mentioned if you have to comply with MTD you can use bridging software, but it might be worth looking at some software to replace your Excel sheets. You certainly aren't restricted to Sage and QuickBooks you have lots of choice. You may well find using some accounting software saves quite a bit of time. It may also save you accountancy fees if you are paying an accountant.

 

[UK Contractor Accountant]

You do not need Sage or similar accounting software just for MTD VAT. Check https://accountsdesk.co.uk/mtd bridging software. This works with Excel 2010. We have been using this for our spreadsheet based clients and works like a charm and is free to use for an year.

and whats the charges after year 1? not mentioned on their website!