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Time is ticking on Making Tax Digital compliance
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Making Tax Digital! It’s the phrase you’re probably tired of hearing since the announcement in the 2015 Spring Budget. You can’t ignore it though, as your business NEEDS to be compliant within a mere two months.
At this stage, it’s likely that you fall within one of three different options:
- My business is all set for Making Tax Digital compliance
- I need to install the cumulative update and learn how to prepare and submit digital VAT returns
- I just need to learn how to prepare and submit VAT returns digitally
The fantastic news for you is that HMRC have officially recognised Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central as software products that will support Making Tax Digital.
What’s the issue with doing a cumulative update yourself?
In December, Microsoft released a range of cumulative updates for Dynamics NAV 2015, 2016, 2017 and 2018 that all include ‘Making Tax Digital in the British version’ and feature several core object changes. With a current maintenance agreement for Dynamics NAV or Dynamics 365 Business Central you are entitled to the update, however there will be a slight cost involved to implement it.
As you can imagine, we have been inundated with requests to install the updates. It’s essential that we have time to verify if your environment is compatible with the update before it is installed. Ignoring this may cause inoperability issues with the customisations or third-party products that work in tandem with your business system.
Inevitably, we will reach capacity in managing these requests, so it would be advisable to act now and get in contact with us today to get the ball rolling on your cumulative update!
A brilliant opportunity for you to learn how to prepare and submit digital VAT returns
With our latest Making Tax Digital course at a full capacity, we have released two more dates that aim to teach you how to submit VAT returns digitally in compliance with Making Tax Digital. Available at our premises or via Skype, you can register your place for just £150 here:
We’re not the Making Tax Digital encyclopaedia, but when it comes to an issue relating to Dynamics NAV or Dynamics 365 Business Central, we are always here to help you.