Making Tax Digital
Preparing Microsoft Dynamics GP
We have all heard about Making Tax Digital (MTD), the HMRC plan to modernise the tax system to make it more efficient and effective.
As part of this plan, from 1 April 2019, all VAT-registered businesses with a taxable turnover above the VAT threshold will be required to keep VAT records digitally and use compliant software to submit their returns.
At ISC Software, we are here to help Dynamics GP customers to prepare and be compliant in advance of the deadline.
What do I need to do?
It will depend on what version of Dynamics GP you have:
Dynamics GP 2016 and 2018
Microsoft recently released a hotfix that will update the VAT 100 return and VAT Daybook routines - this is free of charge to active customers. The hotfix is easy to apply but customers will need to plan for its installation. To begin, contact us to put a plan in place.
Pre-Dynamics GP 2016
Microsoft will not be releasing a hotfix for these older versions of Dynamics GP (GP 2010, GP 2013, GP 2015) . However, we are providing customers with two options:
Take the next step
To find out more about about Making Tax Digital and your Dynamics GP system and to schedule an update, get in touch with us and we can advise on the best approach for your business.
Phone: +44 (0)1480 802280
Making Tax Digital Enquiry Form