Hi. Yes I'm afraid another MTD for VAT question. I've asked many times questions regarding software as I must admit- it has caused me so much stress and worry as we currently keep manual records for our few VAT registered small business clients (mostly retail). I've read up so much and attended all the HMRC webinars on it and I am now considering my easiest option for clients that are anti-technlogy and cash strapped would be an excel add on type programme- possibly absolute tax's excel filer.
So.... If my client kept an excel spreadsheet with a sheet for daily sales (retail), and a sheet for expenses (ensuring he keeps tax date, vat rate and gross value within the spreadsheet) and then emails me (his agent) this- is that a digital link? I believe from what I have read it is. If they then provide me with a manual copy of their bank statament and I add in to the expenses sheet any expenses they have omitted to include such as bank fees or direct debits like rates- is this still acceptable? If I manually adjust any glaring errors (obviously after checking with the client if they have the paper copy of invoices that these are indeed errors) is this still OK- providing of course that the finished spreadsheet is then emailed back to the client and saved as their digital record of income/expenses? As long as formulas are used on a further sheet to the spreadsheet to get totals for the VAT return from the other sheets and then linked using a MTD VAT compatable product such as absolute excel filer, I am assuming this is all OK?? I am so sorry for my naievity- I have spent so long on this but as a bit of a technophobe myself I am struggling and would greatly appreciate any comments on this. Many thanks.