VAT MTD
HMRC mandated the use of Digital Accounting systems, including spreadsheets for digital record keeping and reporting VAT returns and unless your business is a rare exception, you need to use digital accounting processes to create and file a VAT return to HMRC.
If your business currently does all or most of its bookkeeping and accounting using spreadsheet based processes, but do not have an API (Application Program Interface) between your spreadsheet processes and the HMRC systems, you will not be MTD compliant.
As well as helping our clients keep proper digital records using Xero, KashFlow, QuickBooks cloud systems, our practice provides client with our home-grown spreadsheet solution and API VAT submission routine for sending VAT returns to HMRC. When using our in-house spreadsheet method, clients save software license charges of approximately £400 per year compared with using formal cloud-based software.