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Post Info TOPIC: VT MTD update


Master Book-keeper

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VT MTD update


Email in from VT this morning

''We are pleased to announce that we have completed our work on implementing MTD for VAT into VT Transaction+ and VT Cash Book.
We have recently demonstrated the software to HMRC and have been given permission to commence live testing.
We are confident that we will have the software ready for general download by 15 May 2019.
We would like to emphasise that MTD is only mandatory for VAT periods commencing on or after 1 April 2019''



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Joanne

Fallows Hall Ltd

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.



Master Book-keeper

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That's excellent news Joanne, was getting a little worried when someone posted the other day that it wouldn't be ready til July.



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John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Guru

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Cheers Joanne

That is indeed good news



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Senior Member

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Thanks Joanne, good to know.

I've decided to use the bridging software by Neilson James as it's the most cost effective for my business at the moment. Really easy to use.



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Janet

They keep making the system idiot proof but then make bigger and better idiots!



Master Book-keeper

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Kinbuck wrote:

Thanks Joanne, good to know.

I've decided to use the bridging software by Neilson James as it's the most cost effective for my business at the moment. Really easy to use.


That was my original plan before VT announced they were doing MTD. I've found out today that Taxfiler have added bridging software as well. We're spoilt for choice lol.



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John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Master Book-keeper

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VT and Taxfiler - I know!!!!! Ive not been this excited since I brushed my teeth this morning!



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Joanne

Fallows Hall Ltd

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

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