Forum - HMRC Making Tax Digital

HMRC Making Tax Digital

Alan

2018-06-27

Hi,

We have just been informed by our accountant that in the next few years there will be new requirements from HMRC for businesses to make quarterly submissions to them via approved accounting software (in addition to the regular VAT returns). The first impact will be the VAT return after 1 April 2019 and subsequently corporation tax submissions are due to follow in 2020. (https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital#making-tax-digital-for-business)

Could you tell me what the time line is for Hansa to be compliant with these new requirements?

Many thanks
Alan

HansaWorld

2018-06-29

Good day Alan,

HansaWorld is aware of the HMRC requirements and we have an integration that will ensure all our UK customers will be able to submit their tax digitally.

As soon as we have released a Standard ERP and Standard Accounts version that is compliant, we will inform all of our UK customers.

Currently, businesses will not be mandated to use the Making tax digital system until April 2019.

HansaWorld would like to try make the transition to the new digital tax system as smooth as possible. At the moment, HMRC keep changing the requirements as they are still busy with their pilot testing programme. As soon as these requirements have become more set, we will then make it available to all our customers.

Kind Regards,
Tayla Anniciello

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