From April 2021, your VAT data must follow a "Digital Journey".
Making Tax Digital is a new scheme from HRMC to help business owners submit tax calculations, avoid errors, and keep on top of their accounts. It comes into effect on 1st April 2019, so we’ve prepared several solutions that will help you and our customers be compliant.
If you want to find out more, please click here to read our summary of Making Tax Digital.
Each of the solutions described below utilises the VAT Statement functionality in Dynamics NAV and Dynamics 365 Business Central.
If you are not already using this, please feel free to call us and we can train your accounts team on how to set this up and run it.
Versions that pre-date Dynamics NAV 2015 (Dynamics NAV 2013 R2 and earlier) have a different interface (now known as ‘Classic’) and are not compatible with the new solutions. As these are now out of mainstream support by Microsoft other options need to be considered. These are:
We believe that an upgrade to Microsoft Dynamics 365 Business Central would offer the best benefits to your business and users.
If you have not seen the capabilities and new user interface of Business Central, please call us on 0330 088 2515 and we would be happy to talk through your options.
Unlimited users & companies per instance of Dynamics NAV.
Includes Fraud Prevention Headers
20% annual charge on all licenses.
Your partner may charge you extra to merge this add-on into your (presumably) customised version.
The above information provided on this webpage is general guidance and highlights specific points from HMRC and other sources. Please refer to the Making Tax Digital for VAT Notice for full details and/or seek legal advice as required.
Seeing the time saved once the solution is installed has compelled us to create & source fantastic Extensions for Microsoft Dynamics 365 Business Central.
Extending your solution without compromising on getting timely upgrades.