The Making Tax Digital legislation went live in April 2019, and all businesses that submit VAT must send their documentation to HMRC in the new required format.
The latest cumulative update for all supported NAV Versions (2015/2016/2017/2018) and Business Central includes Making Tax Digital functionality/extensions. TVision is ready to apply the MTD functionality/extensions to supported versions. For non-supported versions (2013 R2 and previous), we have created Making Tax Digital software add-on.
Making Tax Digital software features
The MTD software will include the following features you will need:
- Retrieve VAT obligations from HMRC
- Get reminded about VAT obligations that are approaching or already past due
- Submit VAT returns to HMRC
- View the VAT return
- View VAT payments with HMRC
- View VAT liabilities with HMRC
If you want TVision to implement this functionality, we will carry out work to include the following:
- Licence Refresh
- Consultancy call at the outset to understand requirements
- Developer analysis of your database
- Installation of the fob
- An in depth How to Document
- A consultancy day to assist finance users with setup, queries or issues.
Please get in touch with us to request costs to implement this functionality. We urge you to do this as soon as possible to ensure the Making Tax Digital software can be tested and implemented well in advance of the April deadline.
We are not VAT experts, so we cannot advise on what should, or should not, be included or excluded when you are posting your journals/documents. If you need advice on MTD compliance, you would need to contact HMRC directly. There are a number of assumptions that are applicable to this work, please contact us to find out more.
For Unsupported Versions
We cannot take the MTD functionality from the supported versions released by Microsoft and merge to your current version, therefore we have created a Dynamics add-on which will need purchase of additional objects (Tables, Pages, Codeunits & Reports) for your Dynamics NAV licence from Microsoft. We can do this on your behalf.
If you have any questions about Making Tax Digital Software or MTD compliance using Microsoft Dynamics get in touch with TVision now by completing the form below or calling us on 01483 751888.