Initial piloting of the software under 'Controlled conditions' is now planned for October 2018.
Soon to be available for the MTD VAT 'Public' Pilot.
On 16th October 2018, HMRC launched the MTD VAT 'Public' Pilot,
opening the pilot to around half a million businesses which meet the initial eligibility criteria.
The software was successfully demonstrated to HMRC on Tuesday, 24th July 2018.
The submission of a selective number of VAT Returns, under controlled conditions, is now planned for October 2018.
If these controlled submissions are successful,
the software will be available for use by agents and businesses that have successfully joined the MTD VAT 'Public' Pilot.
For information, The NJT software has now received the necessary 'Production credentials' for use on the live MTD system.
Prior to April 2019, businesses and agents may volunteer to join the MTD VAT 'Public' Pilot.
However, only those businesses/clients that meet the HMRC 'Eligibility' criteria may actually join.
Pre-requisite
Before you start the process, it is strongly recommended that you download and run the 'Compatibility Checker' to ensure
your computer is compatible with NJT software.
Please read the instructions on the website as you may need to amend some of the options within Excel.
Note: Results are displayed for all 3 software products. However,
only the results for the 'VAT Return Manager (MTD') are relevant for this particular check.
Note: Scroll down to the section 'Sign up for the Pilot'.
Once you have signed up, contact NJT and request a 'Test Evaluation' version of the NJT bridging software.
Note: See the 'How to Install' section of the NJT Website.
via 'Home > MTD VAT Return > How to Install'
Using the software:
Read the 'Terms of Use' carefully then accept.
Using your MTD account, Grant Authority to allow the software to submit your VAT Returns.
Add your Taxpayer record.
Attempt to retrieve the obligated VAT Return from HMRC.
Then Import the VAT Return.
Once you have successfully imported your VAT Return, contact NJT by email and place a purchase order for a 'Taxpayer' Licence.
Note: See the 'How to Purchase a Software Licence' section of the NJT Website.
via 'Home > MTD VAT Return > Prices, Download & Ordering'
NJT will then email your Licence Number, Activation Key & Invoice.
Using the software:
Activate the software via the 'Purchase Licence' button.
Once you have successfully activated the software, you will be able to submit your VAT Return.
For Agents that submit VAT Returns on behalf of their clients:
Create a new Agent Services Account via the following link.
['Get a HMRC Agent Services Account']
Note: you may see references to Income Tax, however, this new account also covers MTD VAT.
HMRC will then send you an invite to sign up your client(s). However,
this is subject to your client(s) meeting the 'Eligibility' criteria.
Once you have signed up at least one of your clients,
contact NJT and request a 'Test Evaluation' version of the NJT bridging software.
Note: See the 'How to Install' section of the NJT Website.
via 'Home > MTD VAT Return > How to Install'
Using the software:
Read the 'Terms of Use' carefully then accept.
Using your MTD Agent Services Account, Grant Authority to allow the software to submit your VAT Returns.
Add your first Taxpayer record.
Attempt to retrieve the obligated VAT Return from HMRC.
Then Import the VAT Return.
Once you have successfully Imported your first VAT Return,
contact NJT and agree which Agency software licence is required, then email your purchase order.
Note: See the 'How to Purchase a Software Licence' section of the NJT Website.
via 'Home > MTD VAT Return > Prices, Download & Ordering'
NJT will then email you the appropriate Licence Number, Activation Key & Invoice.
Using the software:
Activate the software via the 'Purchase Licence' button.
Once you have successfully activated the software, you will be able to submit your VAT Return.
Finally, Add your remaining client records and complete the
submission process for each client that has joined the Pilot.
Prepared VAT Returns can be imported from a variety of accounting systems into the bridging software (See list below).
From 'VT Transaction+' or 'VT Cash Book'
You will be prompted to locate your VT file then the VAT Return details will be automatically imported
into the bridging software. Note: There is no need to use the 'MTD Export' button available within the VT application as the software accesses the VAT Return
directly from your VT 'Company' file.
From an Excel workbook
(The bridging software captures the details from a worksheet confirming to a 'Standard Format' as defined by NJT)
Firstly, you will be prompted to locate your Excel workbook. Then the workbook will be opened and each worksheet inspected in turn.
The bridging software will attempt to find a worksheet named 'MTD-VAT', then attempt to capture the VAT Return details
from Cells 'B1 to 'B13'.
The software also caters for workbooks that contain details of multiple VAT Returns, for example,
an annual workbook containing the 4 quarterly VAT Returns or the 12 monthly Returns,
you can create up to 12 individual worksheets named 'MTD-VAT1' to 'MTD-VAT12.
The software will automatically inspect each of these worksheets and attempt to match the Period Start and End Dates
to the Obligated VAT Return. [Click here to view the Import specifications]
From a CSV file
(The bridging software captures the details from a CSV file conforming to a 'Standard Format' as defined by NJT)
You will be prompted to locate your CSV file then the VAT Return details will be automatically imported
into the bridging software. [Click here to view the Import specifications]
From Money Manager Version 6 (via an exported 'VAT Return' Report file in 'Tab delimited' format)
You will be prompted to locate your MM6 9-Box 'VAT Return' Report file (*.REP) then the VAT Return details will be automatically imported
into the bridging software.
From QuickBooks Version 2016 (via an exported 'VAT Return' file in 'Excel' format)
You will be prompted to locate your QB 9-Box 'VAT Return' file (*.xlsx) then the VAT Return details will be automatically imported
into the bridging software.
From Sage 50 Versions 18, 19, 22, 23 or 24 (via an exported 'VAT Return' file in 'Excel' format)
You will be prompted to locate your Sage 9-Box 'VAT Return' file (*.xlsx) then the VAT Return details will be automatically imported
into the bridging software.
From Tally.ERP9 Series A Release 4.93 (via an exported 'VAT Return' file in 'Excel' format)
You will be prompted to locate your 9-Box 'VAT Return' file (*.xlsx) then the VAT Return details will be automatically imported
into the bridging software.
There are 3 main product options available:
The unlicenced 'Test Evaluation' (single business) option is free of charge. This is the product that you will initally download.
Contains the same functionality as the licenced products except that you cannot submit the actual VAT Return to HMRC.
The single business 'Taxpayer' licence, which costs £36.00 per year.
This allows submission of VAT Returns for a single VAT Registered business for 1 year.
The agency 'AgencyXX' licence, costs start from £40.00 per year for a 10 client licence.
This allows the agent to submit VAT Returns on behalf of their clients for 1 year.
This type of licence is banded in blocks of clients, where 'XX' is the maximum number of clients.
The 'Test Evaluation' workbook can be upgraded to a licensed 'Taxpayer' or 'AgencyXX' product option
by purchasing a software licence and then entering an 'Activation' Key.
The full price list can be found under the 'MTD VAT Return' menu item.
Article written by: Neil Cudbertson (Owner/Developer)
