We do like every aspect of bookkeeping to be as simple as possible, so it’s probably no surprise that Pandle is on HMRC’s list of recognised software suppliers supporting Making Tax Digital for VAT.
What does MTD for VAT mean for your business?
From 1st April 2022 onwards any VAT registered businesses in the UK must keep digital bookkeeping records, and submit VAT returns online using MTD compliant software, like Pandle!
Have you signed up to Making Tax Digital for VAT yet? If not, you can do so here.
How will MTD for VAT work in Pandle?
The process for users will not change from how they would submit a normal VAT return. Pandle will now simply submit a MTD compliant VAT return through HMRC’s new MTD VAT return API. This will ensure that HMRC have all the necessary information they require for your business to stay compliant.
If users have previously registered for the pilot scheme or have chosen to sign up their business to MTD for VAT, they will first have to click the ‘Authorise MTD’ button which can be found on the VAT Returns screen.
They will then be required to sign in to their Government Gateway account to provide Pandle permission to interact with HMRC on their behalf to submit returns.
After this process has been completed submitting your MTD compliant VAT returns in Pandle will be just as easy and intuitive as submitting your existing VAT returns.
How to prepare your business for Making Tax Digital
We understand that traversing your way through the MTD minefield can be difficult to say the least, especially whilst you strive for success in your business. But fear not, we’re here to help!
Pandle is simple bookkeeping software which comes with your very own support team of trained bookkeepers offering unlimited live chat, as well as regular product and security updates, and a dedicated help centre. Just click the live chat button to get started!
Learn more about Pandle’s timesaving bookkeeping features, and sign up for your free account to get started.