Making Tax Digital (MTD) soft landing extension
Following a range of measures announced by the Chancellor of the Exchequer to support businesses during the Coronavirus outbreak, HMRC has announced it will be providing an extension to the Making Tax Digital “soft landing period” for businesses until 1st April 2021.
“HMRC will allow a period of time, the “soft landing period”, for businesses to have in place digital links between all parts of their functional compatible software. Businesses will not be required to have digital links between software programs until their first VAT Return period starting on or after 1 April 2021.
During the soft landing period only, where a digital link has not been established between software programs, HMRC will accept the use of ‘cut and paste’ or ‘copy and paste’ as being a digital link for these VAT periods.”
For further information on all things MTD for VAT submissions speak to your Agent, Accountant or check out Section 4.2 of HMRC’s guidelines to ensure you are complying with MTD.
m-hance offers a Making Tax Digital for VAT module that is integral within Microsoft Dynamics GP, not bridging software and is confirmed MTD compatible by HMRC.