MTD for VAT from 1 April 2019
HMRC have mandated the use for spreadsheets for digital record keeping and reporting VAT returns from 1 April 2019.
This is good news for small businesses that currently do all or most of their bookkeeping and accounting using spreadsheet based processes, but if they do not have an API (Application Program Interface) between their spreadsheet processes and the HMRC systems, they will not be MTD compliant.
Our practice is one of just a very few who are developing a spreadsheet to HMRC API and we are at the forefront of thinking on this matter.