HMRC Compatible Accounting Software for Making Tax Digital VAT Returns

Since the introduction of Making Tax Digital (MTD) in 2019, the way you handle your tax affairs has changed. AccountsIQ is fully compliant with all the changes implemented so far by HMRC. AccountsIQ streamlines the way tax data is submitted and improves accuracy and efficiency. As we specialise in accounting software for groups this extends into MTD and the complexities around group VAT returns. All our MTD capabilities support Digital Links.

Group VAT returns MTD step by step guide

HMRC Compatible Making Tax Digital Accounting Software

calculate

Modern accounting

AccountsIQ is a key player in the drive to modernise the accounting process including tax record-keeping.
summarize

Group reporting

Fully compliant with MTD for group VAT returns in one consolidated platform that maintains digital links.
dashboard_customize

Role-based dashboards

Tracking group VAT liability through consolidated dashboards with drilldown.
assessment

Integrated reports

Pre-built tax audit trail plus VAT100 (UK) and VAT3 (IE) summaries are supplied as standard.

Future-proof your accounting systems with compliant cloud accounting software

AccountsIQ has paved the way for all our users to be ready to adopt new HMRC tax submission regimes as they come online. As one of the first to be fully MTD compliant, and as an award-winning software provider, we can be trusted to be ready when MTD is rolled out for future components such as Corporation Tax quarterly submissions in the coming years. Currently we anticipate these new submissions to be piloted from 2024 and mandated no earlier than 2026.

Accelerate accounting

Digital links are the key to future tax compliance and audit efficiency

AccountsIQ compliance with MTD has additional benefits for users. Maintaining all accounting records online, in the cloud, with auditable links between company datasets creates efficiencies internally, confidence amongst external stakeholders such as investors and auditors, as well as compliance with governmental requirements. Switching to AccountsIQ assures this will continue into the future.

Accounting automation