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MTD bridging software

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It looks like MTD is here to stay so what are the options on the bridging software front?  Ive not seen many recent threads on this but I need a couple of options for clients to use.

Thanks.

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Dan
By danstopp1
20th Jun 2019 09:48

Isn't Making Tax Digital a great opportunity to move to a cloud accounting software? It's unclear how long we will be able to submit through a Bridging software for.

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By SamPayne
20th Jun 2019 09:50

I have been using BTCHub for a while and it works great. I also recommend MTDfVAT for some of my clients. I haven't had any problems with either.

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By vtsoftware
20th Jun 2019 09:54

VT MTD for Excel. Submit a VAT return from any Excel workbook in any format. Exceptionally simple to use.
www.vtsoftware.co.uk/mtd

Philip Hodgson
VT Software

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By jon_griffey
20th Jun 2019 10:43

For our clients who do their own VAT returns, we have gone for the Absolute Excel VAT filer at £40 p.a. for up to 10 companies. https://www.absoluteexcelvatfiler.co.uk/

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Replying to jon_griffey:
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By johnt27
20th Jun 2019 11:43

Us too!

However, I do think bridging software has a life span, but it's as yet unclear how long. My read of the MTD4CT requirements and the need to submit transaction level data will put pay to some, possibly all, bridging solutions. Until HMRC get their act together and flesh out what's needed it's difficult to predict and it's not an insurmountable challenge in excel to provide the necessary.

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Replying to johnt27:
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By johnhemming
20th Jun 2019 12:00

For VAT Bridging will always be a solution (as confirmed by HMRC) for some taxpayers such as the example of the bakeries I cited in this question.

At the moment the Corporation Tax API for MTD is not publicly specified. An MTD interface has two aspects technically. One aspect is how the authorisation is done and the other is how data is transferred.

All of the MTD interfaces use OAuth2. Most of the MTD interfaces transfer data using json (JavaScript Object Notation). However, the customs systems use XML.

One question HMRC have not answered is whether they would intend to shift Corporation Tax from XML (iXBRL is a form of XML) to json.

I would find it odd if they did. The FRC has standardised on defining corporate taxonomies using XML. Hence if they shift CT through to json they would be moving away from this. It then also raises the question as to what happens with Companies House - although iXBRL there is voluntary.

I have not managed to find any good source of information on the proposals for corporation tax so I cannot respond further on that. It would be good if you could give a link to anything authoritative on that.

When it comes to VAT unless the UK moves down the route of SAF-T (which oddly enough is also XML) the json interface is here to stay. SAF-T does involve transaction level reporting. This can, of course, be done using json.

However, once digital links are in place there is no real need to have transaction level reporting.

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Replying to johnhemming:
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By johnt27
20th Jun 2019 13:31

johnhemming wrote:

I have not managed to find any good source of information on the proposals for corporation tax so I cannot respond further on that. It would be good if you could give a link to anything authoritative on that.

Nothing authoritative I'm afraid just my interpretation of what may be required in the context of what is the current state of play and what other countries have done or are doing.

You could theorise all day long on this but I personally don't think HMRC have a plan at present (they have a vision) and plenty of other distractions.

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Replying to johnt27:
By Duggimon
20th Jun 2019 14:19

If you'd read the MTD for VAT requirements at the same stage in the MTD for VAT development cycle, they said more or less the same thing, then HMRC were unable to implement it and the requirements changed to this idiotic system.

There is no reason transaction level data can't be sent via bridging software, that's a baseless assumption. It can't be sent via the current existing bridging software obviously but if HMRC ever actually manage to assemble an interface capable of receiving the data, I'm sure someone can construct software to send it.

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Replying to Duggimon:
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By johnhemming
20th Jun 2019 18:23

The customs API has functions where HMRC can make requests electronically for information and give status updates. There is no reason why this could not work for other things.

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By Red Leader
20th Jun 2019 12:39

I recommended Taxcalc's offering to a client and she came back with positive feedback. Annual price £16.67 + VAT for one business.
https://www.taxcalc.com/businessVat#Versions

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By comsci
21st Jun 2019 08:01

For a free forever solution that works with any .xls type spreadsheet (Excel or OpenOffice), you could suggest 100PcVatFreeBridge.

It's a standalone Windows PC app, so no spreadsheet 'plugin' required and no need to hand your data over to the cloud.

Only requires that your spreadsheet is marked with named cells to provide the digital link, so minimal setup and no 'lock in'.

If you're uncomfortable with the longevity of a relatively unknown free app, there's nothing to stop anyone using it for free for a few years to wait for the MTD dust to settle and then plump for whatever solution appears best at that time.

Disclaimer. Completely biased opinion because I'm the author :-)

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By Andy Youens
21st Jun 2019 08:47

@johnhemming To correct you, the iSeries has been replace with the IBM i for over 13 years. Our MTD bridging software runs natively on the IBM i and plugs into any software package running on the IBM i. Our clients will never go to the cloud, why should they when they run on the most reliable server out there

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Replying to Andy Youens:
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By Andy Youens
21st Jun 2019 08:49
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Replying to Andy Youens:
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By johnhemming
21st Jun 2019 09:43

I started programming on the System/34 (in 1981) so it takes me a bit of doing not to say AS/400.

Any MTD software has to use the internet at some point, however.

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Easy MTD VAT
By EasyMTDVAT
21st Jun 2019 11:12

I'll recommend my own bridging solution... Easy MTD VAT (https://easymtdvat.com). It is one of the simpler solutions to use and you won't need to mess about with your spreadsheet - just import the 9 VAT figures located in your Excel spreadsheet (or CSV file) into Easy MTD VAT, click Submit and you're done.

When you sign up for an account with us you get a complimentary submission token to enable you to submit your first VAT return without cost. From then on submission tokens cost as little as £0.99 per return and we throw in great support and regular software updates.

In relation to the comments on here regarding the longevity of bridging software, I think what johnhemming states is true in that it is here to stay - purely to cater for the thousands of businesses who still use spreadsheets and bespoke accounting systems that are not MTD compliant.

Anyway, we raised the question with HMRC on whether bridging software is a long term solution almost three weeks ago (and are still awaiting a reply). Hopefully we can confirm whether the rumours being thrown about are indeed true or, as we suspect, just an urban myth! Watch this space!

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vatmtd.com
By Dazboj
24th Jun 2019 23:10

I’d also like to tell you about my MTD offering.
If any of your clients use Apple Mac computers (Or even iPhone/iPad) then VAT MTD for MacOS or iOS is available on both Apple App Stores.
It’s the only bridging product available that can import data from Apple Numbers spreadsheets, yet it also supports Excel and CSV.
No data is stored, no data is sent to a server, it simply communicates directly with HMRC and has passed Apples strict privacy rules.

We even offer a free Numbers spreadsheet template.

Direct App Store links can be found at https://vatmtd.com

I’d also like to debunk a few myths by pasting this text from HMRC’s last MTD developer email:
“While we welcome all of your assistance with raising MTD awareness we have also received a small number of complaints about some developer material suggesting that bridging products will be unsupported after 2020. This is incorrect, we have no plans to stop supporting bridging solutions.”

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By JCresswellTax
25th Jun 2019 09:22

This has turned into a sales thread...zzz

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