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VT Transaction+

Navigation: MTD for VAT

Introduction

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Making Tax Digital for VAT is the system used to submit VAT returns electronically to HMRC. Details about MTD are contained in HMRC VAT Notice 700/22.

The MTD for VAT features can be used from VT Transaction+, VT Cash Book or VT MTD For Excel.

The MTD commands are at the bottom left of the VAT Returns window in VT Transaction+ and VT Cash Book. The main commands are also on the MTD And Tax Data menu in VT Transaction+.

VT Cash Book is a free product except that after 60 days a licence for VT Transaction+ is required to use the MTD features (including creating a VAT return)

VT MTD for Excel is an Excel add-in that enables VAT returns in any format in any Excel workbook to be submitted to HMRC. VT MTD for Excel can also be used as a bridging product to submit VAT returns from any third party accounting package (provided VAT returns can be imported into Excel from the package). You will need the 32-bit version of Excel to use VT MTD for Excel. For more details please see system requirements.

In VT MTD For Excel the commands are on the VT MTD menu on the Add-Ins tab on the Excel ribbon. The menu only appears when VT MTD For Excel is enabled. See the VT MTD For Excel topic.

To use MTD, you need to be signed up for MTD with HMRC.

If you are an agent, the business needs to be linked to your agent services account.

Agents

The MTD features in VT Transaction+, VT Cash Book and VT MTD for Excel can be used by individual businesses or by agents using an HMRC agent services account.

A full VT Accounts license is required for submitting VAT returns with an Agent Services Account.