INFORMATION
New HMRC Legislation for VAT will come into effect from April 2019 for businesses who have turnover above the VAT threshold to use the 'Making Tax Digital system to meet their VAT obligations using digital reporting and record keeping for VAT.
The new MTD digital functionality is available in the 2019 February hotfix for Microsoft Dynamics GP 2016 and GP 2018 only for both VAT 100 Return and VAT Daybook summary report. Users on prior versions must upgrade in order to get this new MTD functionality.
RESOURCES:
• 2019 February hot fix download links
• DEMO on new MTD functionality in Dynamics GP
MORE INFORMATION:
• BLOG: new MTD functionality for UK VAT
• BLOG: Information about VAT 100 Return
RESOURCE LINKS:
https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital
