VAT News

Making VAT Digital Update – HMRC release Application Programme Interface (API) data

03.05.2018

Whilst there is news of a halt on the roll out for Digital interfaces with HMRC for Personal Tax accounting the roll out of the Making VAT Digital programme shows no sign of slowing. On April 26th HMRC released the API information to the market to enable software suppliers to ensure they can develop solutions to “connect” their accounting programmes to HMRC’s reporting systems.

For more information on this there is a good article on the Association of Accounting Technicians (AAT) website

All of this will be positive news for accountancy professionals as well as businesses as they get ready for the April 2019 MVD implementation. Here at Centurion we recognise that it’s not just the software programming that needs to be addressed but the VAT data being processed through that system. VAT registered businesses will have to ensure the right information is coded into the correct box within the electronic VAT Account. To help our clients begin to build their awareness on these VAT processing issues we’ve devised a short checklist to start the process of ensuring VAT entries are correctly coded.

If you’d like to talk through any VAT issue in respect of the Making VAT Digital roll out then do make contact with your usual VAT contact within the Centurion team or emailus@centurionvat.com

Centurion VAT offer an independent and expert source for VAT advice. Based in Wales we work across the UK and have overseas clients who need VAT advice and support when setting up in the UK. VAT advice for organisations who find themselves at an unfortunate juncture with UK VAT for whatever reason, is where we help out. VAT sensitive sectors such as Universities, Further Education Colleges, Housing Associations, Charities and Corporate businesses where VAT can be a real cost are where we specialise. Exporters under challenge from HMRC on Export Evidence; a Property development where VAT Exempt activities are complex; a Local Authority or a Leisure or Cultural Trust – whatever your sector, when you need to get expert VAT advice Centurion is where you’ll find it.  

An award winning VAT team is what you’ll find at Centurion – evidence of the quality of our VAT advice and service can be showed by our long term retention of clients. Whatever your VAT issue – BREXIT, Making VAT Digital, Partial Exemption or Property then do make contact with a call or email emailus@centurionvat.com

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