I don't believe it's all necessarily about raising tax revenues but making the process more efficient by using software when able to. There are going to be instances where adjustments are necessary, either to the original trasactions themselves, in which case use the bookkeeping software itself to make the submission, or by using Excel to make any adjustments, in which case use some bridging software.
And also don't forget - going digital can just mean using Spreadsheets - it doesn't have to mean using the most up to date bookkeeping software available.
My answers
I don't believe it's all necessarily about raising tax revenues but making the process more efficient by using software when able to. There are going to be instances where adjustments are necessary, either to the original trasactions themselves, in which case use the bookkeeping software itself to make the submission, or by using Excel to make any adjustments, in which case use some bridging software.
And also don't forget - going digital can just mean using Spreadsheets - it doesn't have to mean using the most up to date bookkeeping software available.
There are a number of solutions which act as bridging software between Excel and HMRC already available to use for the pilot.
Wolters Kluwer have CCH OneClick which includes the ability to take any Excel spreadsheet containing the 9 boxes and submit those numbers to HMRC.
( I do work for Wolters Kluwer)
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