"Making Tax Digital" (MTD) requirement for VAT processing
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Companies in the UK submit VAT Return reports to the government either monthly or quarterly. The report records how much VAT on sales your company must pay to the government, and how much VAT you have paid on business-related purchases, which you can reclaim.
Keeping records digitally and providing updates to HMRC directly from the application reduces avoidable errors and integrates taxing into your daily processes. It also allows you to view your current VAT liabilities and the history of VAT payments.
If you use CloudSuite Business to calculate and report VAT in the UK, and your company will use MTD, see Using MTD to process VAT obligations and liabilities.
If your company is using an external tax interface solution such as Avalara-AvaTax or Vertex, contact that tax software company to identify the MTD process that you should follow.