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Recommend MTD software for a small practice ?

I run a small practice with about 15 Vat registered business's none of which currently use software to keep their business records ( more likely a bag of invoices is presented ). If someone who is more advanced than ourselves in meeting the MTD regulations could recommend a software that is easy to use etc and which offers good support I would be grateful.

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08th Feb 2019 12:17

VT. Not in the clouds, but easy to use and good value

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to snickersinatwix
08th Feb 2019 16:46

Sorry to interject on this one, but I believe the main discussion refers to MTD, and I don't believe VT is a complient software, as good and simple as it is!

As the practice is such a small business, the main issue with MTD will be the cost of software as most Cloud softwares can be quite expensive.

Personally I'm more of a fan of Xero than QuickBooks, but I know if you approach QuickBooks, they will offer you a certain amount of Plus Licences at £1 per month for the first two years of their subscription, hence the most cost effective.

Its a shame VT isn't an MTD compatible software as it is so easy to use!

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to ShaneWainwright
08th Feb 2019 16:54

VT is MTD compliant.

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to Duggimon
08th Feb 2019 17:46

Apologies if that was incorrect answer was based off the softwares listes on HMRC.

I actually moved away from VT as I was under the impression it would not have been compliant.

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to ShaneWainwright
08th Feb 2019 17:52

VT originally decided not to enter into the MTD arena, but then changed their minds.

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08th Feb 2019 15:32

How do you currently do the VAT returns for these businesses? If you're putting them in Excel then you can carry on doing so and look into bridging software from any one of a number of providers to put in the last link in the chain you need.

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to Duggimon
08th Feb 2019 17:04

This is HMRC's list of suppliers:
https://www.gov.uk/guidance/software-for-sending-income-tax-updates

MTD can be done with Excel, Open Office, Apple Numbers, Google Sheets and all sorts of other spreadsheets.

Some bridging providers, however, require Excel.

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By urstop
13th Feb 2019 13:32

Check out https://accountsdesk.co.uk/mtd, they have bridging software for MTD VAT. It works well with Excel and Google spreadsheets. I was told you can bridge it with Sage 50 VAT return PDFs as well if needed and they have both agent accounts and individual business accounts.

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13th Feb 2019 18:22

Well, since you ask....

I develop, distribute and support Adminsoft Accounts. This is a PC/Windows based accounting system, so not cloud based. It supports MTD VAT returns.

The best bit - it can be used for free! So adopting MTD doesn't need to cost you anything. Except a bit of time.

You can check it out/download it from here: https://www.adminsoftware.biz

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