Absolute want to set the record straight about what is and what is not required for MTD.
Myth #1 - Businesses will have to buy new accounting packages.
Wrong! You don’t need to buy a new accounting system even if your current package is not MTD
compatible or you use Excel spreadsheets.
Myth #2 – Businesses won’t be able to use spreadsheets after 2020.
Wrong! As long as you use MTD compatible bridging software to digitally link your
to HMRC’s MTD system, you can keep using Excel.
Myth #3 – Businesses will have to post transactional data as well as the usual VAT
Wrong! VAT registered businesses will only need to submit the same 9 boxes of data they
currently complete on their VAT returns.
Don’t believe the hype. There is a cost effective, simple to use MTD compatible solution…….
Absolute’s Excel VAT Filer bridging software.