Nominal - VAT - Making Tax Digital

Nominal - VAT - Making Tax Digital

INTRODUCTION

In the UK the government made a push about Making Tax Digital, MTD and Agility have built in an export facility.
In order for this to work the company must be set up with an account with an MTD company.

VAT

Run the VAT procedure through the Insight reporting tool.
Provisional First - Confirm the figures are correct.
Finalise the data.

Security

Ensure that the following is enables in Group Access Rights:
Nominal - Create MTD Tax Digital File to True

Once the VAT has been finalised then go to Nominal - Ledger Maintenance -  Create MTD File
User must choose a file location and the file is always saved as MTD therefore renaming this for each period is critical otherwise the user will overwrite the files. E.G MTD.csv change to MTDApril24 etc.

The file can then be uploaded to the MTD provider. 


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