From April 2018 every business in the UK exceeding the £85,000 VAT threshold will be required to submit their UK VAT returns digitally to HMRC.

Making Tax Digital will affect every organisation from how you run your processes to how your systems are set up to record and report on tax. For many organisations this characterizes a large paradigm shift with a sense of uncertainty - will their system be compliant and what will this look like?

Join us on Feb 12, 2019 at 10am to gain an insight into how the Unit4 solution can benefit your organisation in line with general principles and requirements defined by HMRC.

Visit our website for more information on the Making Tax Digital solution. 

 

Demo Request


Thank you for your interest in unit4 solutions. To request a Product Demo, please submit the details and we will contact you shortly.


Q&A from Making Tax Digital – Extended Capabilities

 

During our live webinar – which can still be seen on-demand – we asked the audience for their questions. Some of them we had time to answer live, the rest are summarised below.

 

As always, if you have any further questions, don’t hesitate to contact your account manager.

 

Q: If we have the same VAT registration being used in two separate clients i.e. our main LBR Account and our separate pension fund who are allowed the same VAT registration, can the system do this as multi-client.

A: Thanks. Yes, any combination of UBW Clients and UBW Legal Entities that share a VAT registration number is supported, as long as they are part of the same UBW database.

 

Q: Can you support the following: client 1 le1 vrn 1, le2 vrn 2, client 2 vrn 1?       

A: Yes, any combination of UBW Clients and UBW Legal Entities that share a VAT registration number is supported, as long as they are part of the same UBW database.

 

Q: I notice you can now run the submission based on period rather than on transaction dates if you can please confirm?

A: No, the VAT return is still based on dates, not periods. Periods are used to determine the dates when doing test proposals and test group proposals.

 

Q: Can you see the 9 box VAT return in the system prior to sending?       

A: Yes, though it is shown in the json message format that will be sent to HMRC, with names such as vatDueSales, vatDueAcquisitions, totalVatDue, vatReclaimedCurrPeriod, netVatDue, etc., rather than box1, box2, box3 etc.

 

Q: How does it deal with Partial exemption?      

A: Partial exemptions have to be posted as UBW tax transactions, either when the original transactions are posted (using appropriate tax codes / tax systems) or as subsequently posted adjustment tax transactions.

 

Q: Are you able to make adjustments?  

A: Yes, adjustments can be made by deleting a VAT return proposal, posting subsequent UBW tax transactions, and then running a new VAT return proposal.


Q: In a multiclient setup with same VRN, how do I specify the main client for Group Reporting?

A: For test reporting the client or legal entity which has a period type defined on it is the main entity. For actual reporting the client or legal entity which has the HMRC communication profile defined on it is the main entity.

 

Q: How much does the licence cost?       

A: Please talk to your account manager about cost issues.

 

Q: When HMRC sends Reporting Period, does the update MTD process look at Posting Period, or will it still look at transactions date?

A: The solution looks at the transaction date, not the posting period.

 

Q: What is the purpose of the Business Common Tools that gets installed with the software in Customisation Tools?               

A: BNC (aka Business Common Tools) forms part of the UBW UK VAT/MTD solution, together with BBR. BNC contains various common functionality used by the solution, BBR contains more specific functionality relating to UK VAT/MTD (as well as other solutions).

 

Q: We noticed that from the transaction report that the supplier ID and customer ID were missing. Will this be included?           

A: CustomerID and SupplierID values are shown where available - I believe the data in the demo was pure GL data, hence the blank values.

 

Q: You have said latest Milestone 7 version - can you confirm which version you consider to be the latest?            

A: You can identify the latest updates/versions by looking at https://abwupdates.agresso.com/ - so today that is UBW 7.4 for version 7, or Spring 2016 Update 5 for Milestone 6.

 

Q: Does the module pull all transactions from the tax tables or specific transactions, as we're having issues with journals via BIF being picked up?

A: The solution picks up tax transactions based on the tax codes and tax systems listed in the 'Tax reporting definition' web screen. However, it then tries to find the corresponding GL lines, so if you have loaded 'orphan' tax lines, these will not be included.

 

Q: You mention licencing. We assume this is just the standard HMRC Message Centre Licence which in our case we already have - as opposed to some new module licence?              

A: Please talk to your account manager about licensing issues.

 

Q: The VAT statement server process. There is a parameter that marks the transactions as declared. Will they be excluded in the MTD transactions that it picks up?           

A: The VAT/MTD solution is independent of the old GL04 'VAT Statement' server process and does not look at whether or not transactions have been reported via this method.

 

Q: When you use the variant to pick up prior period transactions, does the system mark which ones it picks up?

A: The VAT/MTD solution keeps track of which transactions it has reported to HMRC in its own tables.

 

Our thanks to all of those who posed questions and we hope you find these answers helpful. Don’t hesitate to reach out to your Account Manager with any follow-up questions or to discuss your Making Tax Digital needs.

More information



To find out more on the Making Tax Digital offering for Unit4 Business World, visit our website. 



Regular text + image: big header goes here

Subheader goes right here (optional)


Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et magnam aliquam quaerat voluptatem.

Regular text + image: big header goes here

Subheader goes right here (optional)


Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et magnam aliquam quaerat voluptatem.

Downloads 3: See what your peers are doing to become more insync with their management

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo invetore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Sed ut perspiciatis unde omnis iste natus error

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo.

Sed ut perspiciatis unde omnis iste natus error

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo.

Sed ut perspiciatis unde omnis iste natus error

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo.

Downloads 2: See what your peers are doing to become more insync with their management

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo invetore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Sed ut perspiciatis unde omnis iste natus error

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo.

Sed ut perspiciatis unde omnis iste natus error

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo.

Demo Request Story Form goes here

Would you like to stay informed?

*To make sure that the information provided is suited to your needs, you can choose how we should communicate with you and manage your preferences within the Unit4 subscription Center.