Bransom Retail Systems’ MTD Software has been officially recognised by HMRC. The platform is one of the few retail-specific systems and probably the only jewellery-specific software to be compliant for submitting VAT returns through the Making Tax Digital system.
While Bransom developed the platform for its bsmart Accounts users, the platform can be used by any retailer to upload a suitable VAT file to the HMRC portal.
Significantly, the Bransom software isn’t just bridging software for data submission. The Bransom MTD portal allows a retailer to check his VAT obligations, past payment history and submission deadlines as well as the submission of the quarterly returns.
Bransom supplies a suitable template which can be loaded with the final VAT figures ready for submission. The retailer then simply logs in to the Bransom MTD Portal with his user credentials and submits the return.
This all means that any retailer, regardless of their brand of Stock Management, PoS or Accounts software, can use the Bransom platform to fulfil their VAT submissions using their own VAT data.
More details at https://www.bransom.co.uk/mtd