Summary
Keeping your records digitally for Making Tax Digital (MTD) purposes means that you must store a digital copy of the transactions which make up the figures on your VAT return.
Resolution
Digital records need to be kept in functional compatible software, which means software or a set of software programs which must:
- Record and preserve digital records.
- Send the data to HMRC through the API.
- Receive information from HMRC via the API.
Broadly a digital link allows data to be imported or exported between programs without the need for manual intervention.
Find out more about MTD
Upgrade your licence
Growing business? Add more companies, users, or employees to your licence with ease. Leave your details and we’ll be in touch.
Africa
Asia
Australia
Canada
France
Ireland
Kenya
Nigeria
Portugal
South Africa
Spain
United Arab Emirates
United States
Germany