Accounts Module - Mentor DMS Goes Tax Digital
Our programmers have been hard at work integrating Mentor DMS with the new HMRC Tax Digital system. From the 31st March 2020 all VAT returns must be submitted digitally to HMRC.
Users of Mentor DMS products can now complete their quarterly VAT returns at the click of a button.
How It Works.
MentorDMS records the VAT status of every transaction and calculates the input and output tax due. These balances are recorded in the VAT report and can be checked and reconciled at the end of each VAT period.
HMRC provides companies with a user account and token for their approved system to submit their VAT return. By Linking MentorDMS and your HMRC account MentorDMS can submit your VAT report digitally.
How does this benefit you?
We have completed the HMRC VAT integration project a year ahead of the deadline of the 31st March 2020. MentorDMS users can take advantage of easy digital VAT submissions confident that their accounts system makes them compliant with the new regulations.
Contact Automotive Innovations today on 01923 604105 to find out how to get your system VAT digital before the deadline