HMRC now lists over 400 compliant software solutions, ranging from bridging solutions to add-ons for accountancy packages to fully compliant end-to-end offerings. But differentiating between these can be difficult. There’s a lack of understanding of how extensive the mandated requirements are (our Tax Professionals Survey revealed 41% are unaware of the digital links requirement next year) leading many to plump for a solution without considering the bigger picture. So how should you go about picking an MTD for VAT solution?
Minimum versus must-have
All of the solutions approved by HMRC satisfy a minimum set of requirements, specific to the scope of the solution.
Tax Systems is a leading specialist in corporation tax technology & services in the UK & Ireland. As of 24th May 2018, MXC Capital Ltd (LON:MXCP) holds a 4% share.