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With the introduction of HMRC’s Making Tax Digital Plan, Absolute have developed revolutionary bridging software to enable individuals, partnerships, companies and agents (or indeed anyone that is required to) to submit VAT data in the required MTD format to HMRC.
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The key benefits of the Absolute Excel VAT Filer are:
- it is one of the easiest to use pieces of software on the market;
- it is fully MTD compliant, linking directly between your spreadsheets and HMRC’s MTD platform;
- you can use it straight from Excel and no other accounts software is required;
- it tells you how to fix rejected VAT returns from HMRC using its ‘Knowledge Base’ function;
- it can be used after the end of HMRC’s soft landing period;
- it comes with free, unlimited technical support by email; and
- it is one of the most cost effective MTD for VAT solutions on the market!
Our handy FAQ section gives a breakdown of the Excel VAT Filer’s functionality.
To see how simple our new Excel VAT Filer is, play the video below:
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Ongoing product enhancements
We launched Excel VAT Filer in the summer of 2018. Since then we have sold licences to over 11,000 users who in turn have filed over 125,000 VAT returns. We regularly ask for feedback from our users to make sure the software is performing as they need it to. As a result we have recently made the following updates:
- adding a ‘Knowledge Base’ which sets out Excel VAT filer queries and HMRC VAT return rejections. Any issues which arise when making your VAT return submissions can now be easily addressed;
- amending the spreadsheets to make the process of filing VAT returns quicker and smoother;
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Enhancements being added
- streamlining the ordering process to allow for real time licence upgrades and also accessing information about your remaining licences; and
- introducing automated email alerts to highlight when you are approaching the end of your licence period, or if you are about to run out of licences.
The future of bridging software
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We frequently hear rumours (usually started by our competitors!) that bridging software will no longer be allowed after the end of the MTD soft landing period in April 2020. So let us reassure you about the rules and Excel VAT Filer’s place in the market!
- HMRC have told us unequivocally that bridging software will still be accepted after the end of the soft landing period. They have also confirmed that no end date has been suggested.
- Detailed off-software calculations, such as partial exemptions, remain exempt from digital journey obligations.
- MTD software which uses a ‘copy and paste’ function to submit VAT returns will not be acceptable after April 2021. This does NOT apply to Excel VAT Filer which already uses digital links which are locked into the software. Excel VAT Filer therefore meets the HMRC MTD filing requirements both now and after the end of the soft landing period.
It’s not too late to change!
If, having purchased another brand of MTD compatible software, you are beginning to regret that decision, it’s not too late to move to Absolute’s Excel VAT Filer.
Recent customers have told us they have moved to Absolute because their initial MTD software was:
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- very complicated to set up and use;
- requiring too much time in training and supporting staff (and clients) in how to use the software and perhaps most worryingly;
- when subscribing to ‘free’ software, many of these packages were not free for very long and the price increased significantly upon renewal.
If you’re concerned about moving to Absolute’s Excel VAT Filer bridging software, please call our Sales Team on 01869 255797, who would be happy to talk you through the process and hopefully alleviate any fears you have.
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Pricing starts from as little as £40 + VAT for up to 10 traders (unique VAT numbers) for a 13 month period. The licence period activates when you file your first successful submission to HMRC.
Absolute's Excel VAT Filer is a standalone Excel based product that can be set up in minutes, no lengthy installations required. The spreadsheet simply requires a user name and password and saving to your desktop.
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The program can also be linked to any existing spreadsheets you may have so that the information is directly imported into boxes 1-9 ready for you to click ‘submit’. It comes with free unlimited support via email from our experienced support team.
Please note that the Absolute Excel VAT Filer will run on Windows 7 or later operating systems and only Excel 2010 or later versions. We also have a MAC compatible version that will run on the latest MAC operating system running Excel for MAC 2016 or later. The software will not run on Apple Numbers.
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For more information please contact us or call our Sales Team on 01869 255797.