What is Making Tax Digital for VAT Bridging Software?
Making Tax Digital (MTD) for VAT bridging software is software such as Easy MTD VAT that sits between non-MTD for VAT compliant accounting software or a spreadsheet and HMRC. It enables VAT returns to be submitted digitally to HMRC and it displays VAT obligations, liabilities and payments held by HMRC.
Currently, VAT registered businesses with a taxable turnover of £85,000 or more must comply with Making Tax Digital for VAT and from the 1 April 2022 all VAT registered businesses must do so. Those who use spreadsheets to keep business records, or those who use accounting software that is not MTD compliant, will need to use MTD bridging software.
Diagram showing how Easy MTD VAT provides MTD compliance
Easy MTD VAT is one of the simplest and most cost effective examples of MTD for VAT bridging software available. It has a tiny footprint, an intuitive interface and it charges users a small fee for submitting a VAT return. It is also 100% compliant with MTD for VAT and is recognised and tested by HMRC.
Download and try Easy MTD VAT and buy tokens so you can start submitting VAT returns to HMRC today.