Bridging Software for Making Tax Digital

Category: EQ AccountingMaking Tax DigitalTaxation - Posted On: May 28 2019

With the advent of Making Tax Digital (MTD), HMRC will be expecting all businesses caught within the scheme to submit VAT returns through software, rather than through the traditional Government Gateway.

Most software providers have now released MTD compliant software and this may involve paying to upgrade existing systems or changing them completely. Whilst some business owners will be happy to make the change to these new systems, some will be reluctant or unwilling.

To address this there are bridging software solutions. Bridging software is a program which will allow basic information to be submitted from spreadsheets to HMRC which will comply with the requirements of MTD. This means that if an old version of an accounts system can export information to an excel spreadsheet, then bridging software will allow the regular return to be submitted.

Bridging software may also be needed if a group of accounting systems are being consolidated into one return. There are several providers available, or if you wish, our EQ Accounting team can provide this submission service for you.

If you would like to find out more about how we can help your business, please contact our Making Tax Digital Taxperts. Alternatively, if you are looking for support with your MTD submissions, please get in touch with our EQ Accounting team on 01382 312140.