Making Tax Digital (MTD) submissions using K8 software

With changes coming into force relating to the way VAT registered businesses have to file their VAT for periods including and beyond 1st April 2019, Kerridge Commercial Systems (KCS) has developed a series of software changes within their K8 solution allowing merchants to submit their VAT return directly from their ERP system - in line with these new regulations.

The new ‘Making Tax Digital for VAT’ requirements stipulate that VAT registered businesses with taxable turnover above the VAT registration threshold must keep records in digital form and file their VAT returns using software.