Reply to post: Re: mythbusters page

Chancellor launches £500m business software subsidy in the UK. What's 'approved' software then?

Ken Moorhouse Silver badge

Re: mythbusters page

Upvoted for the useful link.

Hmm, I query the assertion at the end of this paragraph:-

"Under Making Tax Digital (MTD) for VAT, businesses will have to provide more information than they already do"

"This is not correct: no business will need to provide information to HMRC more regularly than they do now, nor send any additional information."

I thought that with Phase 2 it was mandatory to set the "journey" of data into stone, the figures behind the customary Box data supplied on a traditional VAT return. To do so involves submitting that journey, surely?

I have seen Bridging software using spreadsheets which meets Phase 2 requirements very well. However, I suspect there are some implementations that will fail, because of insufficient linkage between Box and Journey.

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