Making Tax Digital
by Lovat
Lovat’s VAT software for MTD ensures full compliance, reduces errors, and streamlines tax processes, helping SMEs and accountants meet regulatory requirements effortlessly
MTD for VAT
What is Making Tax Digital?
Making Tax Digital (MTD) is a UK government initiative designed to simplify tax reporting for businesses and individuals. HMRC’s MTD regulations require businesses to maintain digital records and submit tax returns using compatible software.
How Does Making Tax Digital Work?
Businesses and accountants must:
-
Maintain digital tax records using HMRC-recognized software.
-
Submit VAT returns digitally via MTD-compatible software.
-
Adhere to HMRC’s guidelines for VAT, income tax, and corporation tax.
Key Features of Lovat’s MTD Solution
Streamline tax submissions with minimal manual effort
Learn moreSubmit VAT returns seamlessly and stay compliant
Learn moreReduce manual workload with automated tax computations
Learn moreNever miss a submission or payment deadline
Learn moreMinimize human errors with AI-powered calculations
Learn moreMaintain tax records in full compliance with MTD regulations
Learn moreWho is Exempt from Making Tax Digital
Certain businesses and individuals may be exempt due to age, disability, or religious reasons. Our experts will help determine your eligibility and assist with the necessary documentation.
Lovat also provides educational resources such as guides, webinars, and FAQs to help businesses navigate MTD requirements effectively.
How to Register for Making Tax Digital
The registration process varies depending on whether you are a business, self-employed individual, or accountant. Lovat’s specialists provide step-by-step guidance to ensure full compliance with HMRC’s MTD requirements.
Access all Lovat features for 14 days, then decide which plan best suits your business
One - click integrations with the world’s biggest largest online marketplace
