Blogs

Making Tax Digital on Sage 200!

Posted by Vanessa Reid on 05-Jul-2018 14:13:43

As of 1st April 2019, HMRC will require you to submit VAT returns using accounting software. This means you’ll no longer be able to submit manually through the HMRC gateway.

Sage-200Making Tax Digital is an initiative being implemented by HMRC to digitise the UK's tax system. The aim is to make it easier for businesses to keep track of what they owe and pay the right amount of tax each time they submit a return online. Each year the government loses out on £9bn in unpaid taxes resulting from errors, while the overall tax gap is £34bn, which explains why it’s keen to introduce a new system that will make this a thing of the past.

Although MTD will eventually cover all tax, it’s being rolled out in phases. The first phase affects those above the VAT threshold of £85,000.

Luckily, Sage 200 software is MTD ready and can enable you to begin submitting your VAT returns to HMRC through your software ahead of the deadline of April 2019. You’ll also benefit from using software designed to make VAT quick and easy. 

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Topics: Sage 200, hmrc, Sage 200cloud

Sage 200c – HMRC online gateway update

Posted by Vanessa Reid on 31-Jan-2018 10:17:45

HMRC have confirmed that the Electronic Data Interchange (EDI) channel will be decommissioned on 14th February 2018, with a new HMRC online service being used for submissions.

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Topics: Sage 200, sage 200c, hmrc

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