IRIS sees increasing momentum for the HMRC MTD pilot
IRIS Accountancy Solutions is seeing an increase in momentum for the HMRC Making Tax Digital (MTD) pilot as requests for IRIS VAT Filer increase to over 100 per week.
Since the VAT Filer launch at IRIS World London on 9th October, the UK’s leading accountancy software provider has received over 400 requests for its ‘bridging software’ which can only be used if accountancy practices have registered for the HMRC MTD pilot. IRIS has also seen an increase demand for its KashFlow and IRIS Snap products which also streamline MTD compliance.
Nick Gregory, Chief Product and Marketing officer for IRIS explains,
The number of requests for these products reflects the appetite from firms wanting to join the HMRC MTD pilot. It also shows accountancy professionals are talking to clients before the deadline to ensure they are prepared ahead of the new legislation.”
Bridging software allows the required VAT values to be easily imported from various sources and submitted to HMRC for compliance with MTD. IRIS VAT Filer automatically connects to HMRC and retrieves client data such as previous submissions made under MTD, current VAT obligations, liabilities due and payments already made. As a result, keeping track of clients’ submissions, payments and any amounts outstanding is much more straightforward. VAT Filer is included in IRIS as part of the subscription.
To help accountancy professionals through the process, IRIS has published a free guide, Making Tax Digital: Setup Guide for Agents. This highlights the information needed to set up an account and screen shots to show each step of the process.