This has been mentioned on here before but we're going to highlight it again because rumours are clearly still rife...
In the past few days we have had two clients contact us with concerns that MTD for VAT bridging software (such as our own Easy MTD VAT) will soon become unsupported by HMRC.
We (as do HMRC) want to reassure people who still prepare their VAT using spreadsheets and therefore require bridging software, that they can continue doing so for the foreseeable future.
Here are quotes from HMRC about the topic:
MTD DEVELOPERS NEWSLETTER:
"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."
DIRECT EMAIL IN REPLY TO A QUESTION ASKING IF BRIDGING SOFTWARE IS ONLY A TEMPORARY SOLUTION UNTIL APRIL 2020:
"We couldn't remove bridging products that quickly even if we wanted to. It would require giving business notice that they have to change the way they file."
Replies (4)
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To be fair to Easy VAT, they did do a lot of useful Q&A last year on MTD.
On misleading claims trying you to buy software you don't need, this grossly misleading headline which looks to be a paid for article doesn't help and only degrades the brand. Comments are presumably off as they know its horse manure playing on fears of things which might or might not happen.
https://www.accountingweb.co.uk/tech/practice-software/adopt-the-right-t...
Arnt you preaching to the wrong group of people? After all were not going to be any current or future client per say.
I think that bridging software is a misnomer. As I understand it the intention is that bridging software may continue to be used provided digital links are in place between the software and the data and that cut and paste is not used. I think that initially for the first year HMRC will accept a straight cut and past into excel and then allow links between the bridging software and the cut and paste data. Ongoing the cut and paste option is supposedly being disallowed/removed and the data needs to link directly to the software - it can be through run through excel still though and how on earth could they ever tell without a visit!
I didn't even spot the advertising until another poster pointed it out - very subtle!!