Webinar: Fact vs fiction, demystifying MTD and VAT

Join Phil Thornton who will help you to bust the myths around Making Tax Digital (MTD) and the new VAT regulations that will come into effect in April 2019.

On-Demand Webinar

As we head closer to the April 2019 VAT deadline, information about MTD is coming from all angles. Simply put, when MTD states that VAT return data must be kept and filed digitally, it means this: the software businesses use must be capable of providing information to HMRC and receiving information from HMRC digitally via their Application Programming Interface (API) platforms.

However there is increasing concern from firms that they won’t be able to make the transition to the fully ‘digital’ software environment demanded by compliance in time for the deadline. While most firms file online, the software journey taken to reach data entry into HMRC’s online portal often involves a self-selected set of support tools frequently featuring spreadsheets, the use of which has been highly debated as MTD compliance legislation has been released.

So how do you know what is the confirmed truth or hearsay about the new VAT process? Join this webinar hosted by Phil Thornton, Senior Product Manager at Wolters Kluwer who will bust all the myths around MTD and the new VAT regulations.

In this webinar you will hear:

  • Our explanation of the new HMRC VAT Notice 700/22
  • Practical advice and guidance of how this will impact you and your clients
  • How our VAT solution provides a painless transition to the new regime

Simply complete the form to be taken to the recording.

Complete the form to watch the webinar
Phil Thornton Wolters Kluwer Senior Product Manager

Phil Thornton is Senior Product Manager and responsible for bringing our digitalisation strategy to market. Phil spends his time working with our customers to understand what becoming a digital practice means to them, what is happening in the market and to build solutions that will support our customers on this journey.

Phil’s primary focus has been to support the transition to Making Tax Digital. Phil has a wealth of knowledge and experience in the accountancy sector, having previously worked in-house as an accountant before moving into the world of commercial and product management. Phil believes that digitalisation will bring about many opportunities for the industry. Phil’s purview is to understand what those opportunities look like, deliver solutions to support this and work with our advisors to bring this to life within their practice and with their clients.

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