FuseMetrix Has Received HMRC's `Making Tax Digital` Approval
The FuseMetrix platform has received MTD (Making Tax Digital) approval two months ahead of the HMRC's 1st April deadline. It follows an exhaustive testing programme which was run in conjunction with HMRC, and we’re proud to be an early innovator in their pilot programme.
FuseMetrix makes VAT return submissions as easy as pushing a button because your data is already contained within the software platform. This reduces the workload on your accounts department or bookkeeper/accountant, thereby ultimately saving time and money.
HMRC has ruled: “VAT registered companies with a taxable turnover above the threshold are required to use the MTD service to keep records digitally and use software to submit their VAT returns from 1 April 2019.”
HMRC is inviting companies to test and familiarise themselves with the MTD approach by trying out the service with their VAT returns before April. Now that FuseMetrix Group has the necessary approval, you can join the pilot scheme at any time.