PAMTD for Infor SunSystems

 

A solution exclusively for Infor SunSystems clients to meet their Tax Digital needs for VAT

From April 2019 businesses above the VAT threshold will be mandated to keep their records digitally and provide quarterly updates to HMRC for their VAT. HMRC’s draft guidance introduces new VAT record keeping rules and the requirement that all applicable VAT return data is digitally linked so that transactions can be traced from source data (i.e. purchase/sales ledger) to VAT return completion and upload.

 

Why PAMTD from Professional Advantage?

 

PAMTD for Infor SunSystems solution from Professional Advantage will make calculating your VAT return easier and fully auditable. As compliant HMRC software, it will meet the new HMRC requirement for direct submission of VAT returns from your ledger to their portal, without manual intervention.

Professional Advantage have taken our highly successful BAS Interface for the Australian Tax Office and extended its functionality for the UK and HMRC compliance. Unlike other making tax digital offerings, our MTD solution has a proven track record of successful tax submissions and has been shown to meet the needs of a wide, mature SunSystems community for over 18 years.

PAMTD is an exciting addition to our existing portfolio of respected and trusted Infor SunSystems enhancement solutions. As the only recognised Infor SunSystems development house and with over 30 years of experience our solutions understand your SunSystems data structure seamlessly and integrate at the deepest level. 

Over the years, our clients have come to expect functionally rich yet simple solutions from Professional Advantage to add value to their business. Our MTD solution is no exception to this and goes beyond the basic needs of submission to HMRC, providing strong core features to improve the efficiency of your tax return process. The MTD solution is also designed with the future in mind, for example other submission types such as EC Sales will be included.

Key Benefits of PAMTD for Infor SunSystems

PAMTD will automate the link between Infor SunSystems and HMRC. The solution enables Infor SunSystems to export data to PAMTD avoiding the need to re-key data and the risk of errors. It will also maintain the link between the data provided to HMRC and the source transactions. The key benefit of PAMTD, over Excel spreadsheets, is that it is fully auditable and eliminates costly errors.

Client feedback to date is that they were impressed with the depth of functionality and the ability to address more complex MTD requirements, such as the inclusion of Partially Recoverable Tax calculation results from outside of SunSystems.

  • Supports Infor SunSystems 4.4 and v6.1 and above, inherently understanding SunSystems User Security, Business Units, and data structures - as with all Professional Advantage solutions
  • PAMTD for Infor SunSystems is on the list of recognised HMRC solutions
  • Transfers Infor SunSystems data into the MTD VAT format
  • Electronic return passed into the secure HMRC API automatically and authenticated
  • Provides an audit trail of previous VAT Returns and associated transactions 
  • Caters for multiple business units or groups of companies where VAT submission spans multiple SunSystems entities
  • Caters for multiple Infor SunSystems databases 
  • Can be used to submit monthly, quarterly or yearly Tax Return statements, depending on requirements - with period to month conversion
  • Provides both on demand inquiry/validation and submission
  • Allows for the storage of non VAT related information required to be reported on the Electronic Tax Return
  • Ability to include external data values or percentage flags within the return and audit trail allowing for HMRC compliant capture of data.
  • Inclusion of links to complex spreadsheet calculation results and retention of this information, within the security of the SunSystems database as part of HMRC compliance
  • The PAMTD archive feature means that for each reporting period, it will provide a listing of all transactions from a particular submission. This is a full historical audit trail from SunSystems to HMRC
  • The process is automatic. A client could reduce the preparation, report running and record keeping time by 3 to 6 hours per reporting cycle
  • PAMTD solution is an automated business process. An automated task saves time, reduces clerical error, eliminates a boring task while saving costs 

Next Steps

Register for one of our Business Partner events or our Making Tax Digital for Infor SunSystems webinar.

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