I may be trying to interpret the guidance into what I want to hear but I am a bit confused. It seems that HMRC are relaxing the rules now, which I am glad to hear allowing payment statement totals to be entered but I am a bit at a loss regarding sales records. Most of my clients are on vat cash accounting basis. Some clients have simple sales invoices which they produce from either software that they have had for years and just want to use this, or use a word/ excel template document to produce an invoice. They are quite happy doing this and nothing else regarding the records. They just send in the quarterly information for our office to write up to produce the vat return. Of course I have steered some to VT, QB, Sage etc but some are just not happy and have reverted to their old methods. Would it be ok, looking at the recent quidance, to now let the ludite clients carry on with their old system and just write up the records quarterly on MTD software?
8th May 2021
MTD for dummies
The recent MTD update vat notice 70022 has left me a bit confused?
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