Welcome to Neilson James Technology
Neilson James Technology (NJT), based in South Manchester, is a provider of software applications and a wide range of IT support services.
VAT (Making Tax Digital)
- The first live MTD VAT Returns, using the NJT bridging software, were successfully submitted to HMRC on 4th December 2018.
The NJT bridging software namely the, 'NJT VAT Return Manager (MTD)', is available for businesses and agents
that wish to join the MTD VAT Pilot.
See the top menu for further detailed information) [or Click here to view the Main Features]
- A separate demonstration version of the bridging software is available, which now supports '64-bit' versions of Microsoft Excel. [Click here for more details]
Making Tax Digital for VAT will come into effect from April 2019. From that date, businesses with a turnover above the VAT threshold (currently £85,000) will have to Keep their records digitally (for VAT purposes only), and Provide their VAT return information to HM Revenue and Customs (HMRC) through Making Tax Digital (MTD) functional compatible software.
However, there will be a 'Soft Landing' period for 12 months whereby HMRC will not impose financial penalties against those businesses that do not fully comply with the legistlation.
For information, HMRC has removed the requirement for businesses to submit transactional level data (Supplemental information). Therefore, businesses only need to submit VAT Returns that contain the 9-box totals. HMRC currently has no plans to introduce a mandatory requirement to submit Supplemental information.
NJT offers a 'Bridging' software solution, named the 'NJT VAT Return Manager (MTD)', for submitting MTD compliant VAT Returns to HMRC.
Prepared VAT Returns can be imported from a variety of systems. (See table below for a full list of currently supported systems).
Please Note: Additional systems will be considered on a request basis. However, Systems will need to have the facility to export VAT Returns to either a Text based file or an Excel file, in a consistent format and layout.
Income Tax (Making Tax Digital)
Initial high-level development has commenced to provide a solution for Income Tax submissions. A Demonstration version is planned for release in April 2019. Initial thoughts indicate that a new combined solution will be developed, covering both VAT and Income Tax.
For information, HMRC has announced a delay to the mandation of the live MTD Income Tax system. The first module called 'Self Assessment' will include Self-Employed 'Businesses' and Self-Employed 'UK Properties Businesses'.