Making Tax Digital for VAT Changes Confirmed

In July 2020, HMRC set out the roadmap for the further rollout of Making Tax Digital (MTD) to more businesses and taxes.

This included the expansion of mandatory MTD for VAT to those VAT registered-businesses with income below the VAT threshold, to come into effect from their first VAT period starting on or after 1 April 2022.

The Budget yesterday (3rd March 2021) announced that the Government will shortly introduce primary legislation to deliver on this commitment.

Whilst around a quarter of all businesses impacted by this measure have already joined MTD voluntarily, legislating for this change brings nearly 700,000 additional VAT registered businesses within the scope of MTD for VAT from April 2022.

Luckily Synergy is already one of only 89 out of around 400 pieces of software recognised as MTD compliant by HMRC that implements the full Making Tax Digital for VAT API, and so can provide full support for any size of business from a single user to a multi-national.

Posted on:

Key Benefits

  • Synergy works tirelessly for your business
  • Quickly adapts to suit the needs of your business
  • Designed to develop and grow with your business
  • Intuitively easy to use and simple to set up
  • Helps save you time and manage your business more effectively
  • Plugins for additional areas such as Stock, Payroll, Sales Orders and more
  • Custom modules available for any specialised needs your business may have
  • Ongoing, accessible and responsive support packages mean help is always at hand
  • HMRC recognised for Making Tax Digital

Watch our latest video...

See more videos

What our customers say

I have to say after some initial misgivings about Synergy we are beginning to love it. We are now beginning to get good management figures from the system and I am (sadly) excited about getting the job sheets up and running and being able to analyse hours chargeable which is an area that currently deeply concerns me. To have Eurotek branded Job cards, invoices, statements, payment advice and more would be a terrific step forward and the sooner the better... [As for support] It is refreshing to always get the answer, and  pretty much on a 24/7 basis. So very helpful. We just did not realise how much we had/have to learn, and indeed how much we did not know and how little information we were getting from the previous system. This is life changing. Synergy is changing the way we do things and has the best support for dummies ever encountered. Thank you for your excellent service and for the constant evolution of Synergy [to meet our business needs].

Managing Director, Eurotek Marine
support
icon
Need Help?
Close
menu-icon
Support Ticket