Avalara MTD Filer FREE tool for HMRC’s MTD
- EU VAT
- Oct 3, 2018 | Richard Asquith
From 1 April 2019, more than 1 million VAT-registered businesses will be required to digitize their accounting and VAT filing for the new HMRC Making Tax Digital (MTD) requirements. This ends manual keying-in of VAT return data on HMRC’s existing online VAT platform, which HMRC says is used for 88% of current VAT filings. HMRC will not provide software support for the mandatory changes.
Avalara has announced its new MTD Filer, a free Microsoft Excel Add-In to help businesses and charitable organisations of any size file their returns in accordance with the new HMRC obligations. The tool can be installed for any version of Microsoft Excel - it is not compatible with Apple operating products. The Add-In enables both sending and receiving data via HMRC via API, making it simple for a business to file its VAT returns, and retrieve filing obligations, liabilities, and payment history. A business just simply links it to existing Excel VAT data, and click “File” within the tool to submit.
There are no charges for using Avalara's MTD Filer. Avalara does not retain, nor has access, to any VAT data used via MTD Filer.
MTD Filer helps businesses of all sizes with UK VAT returns
MTD Filer helps:
- Small enterprises using manual or spreadsheet-based records will not need to invest in approved accounting packages, and can use their existing records
- Businesses with multiple accounting systems with VAT data that is today consolidated via Excel before manual keying need not develop new software upgrades or bridges
- Group VAT returns for companies which have to first consolidate multi-subsidiary data in Excel prior to manual HMRC uploads can continue with no new reconfigurations
Latest British news
March 5, 2019
HMRC estimates that 245,000 businesses buy and sell goods with other EU27 states. When the UK leaves the Customs Union, 29 March, all movements of goods must be declared for customs, tariffs and VAT. This requires an EORI number (Economic Operator Registration Identification), which is shown on customs declarations etc.
March 1, 2019
HMRC is writing to thousands of UK, US and other international sellers of digital services to warn them to now VAT register in another EU state in readiness for a no-deal Brexit. This covers their sales of e-services, apps, streaming media, online gaming and dating, e-books and software to EU consumers.
February 14, 2019
The UK’s HMRC has opened the registration portal for foreign delivery companies to register post-Brexit VAT on consumer good parcels below £135. This new regime will be triggered under the current default no-transition deal Brexit on 29 March 2019.
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