Farmplan are pleased to confirm that HMRC have just released the list of software suppliers supporting Making Tax Digital for VAT, showing Farmplan amongst the handful of companies which have met the criteria for Beta Testing so far. We’re excited to have been included in this initial list and we can reaffirm our position to our customers and wider farming community that we’re committed to providing a solution that will meet the requirements for Digital VAT come April 2019.
There has been some confusion over MTD compliance by companies claiming to be able to submit VAT returns online. This is not the same as MTD for VAT which is a completely new way of submitting a business’s VAT returns. It is not simply populating the VAT boxes on the tax authority portals (this option has been available for many years) but is utilising direct links from software straight into HMRC’s systems which will be mandatory from April 2019.
The HMRC list provides much needed clarity by detailing all those software companies currently supporting MTD for VAT.