NEWS
A manufacturing organisation, specialising in subsea equipment for the Oil & Gas sector, chooses Making Tax Digital (MTD) from Professional Advantage to streamline and simplify their VAT return process, through partners, KickICT.
Professional Advantage's MTD ensures compliance with HMRC's digital submission requirements, providing a fully auditable and secure method for submitting VAT returns. By automating the extraction and linking of VAT-related data from various sources, including Infor SunSystems and Excel spreadsheets, MTD reduces the risk of errors and saves significant time in preparation and record-keeping. Additionally, MTD supports complex tax scenarios, such as partially recoverable tax and group VAT, making it a versatile solution for manufacturing businesses of any size. With real-time inquiry and visibility of information held by HMRC, manufacturers can ensure their records are accurate and up-to-date, ultimately enhancing efficiency and reducing the stress associated with tax management.
Learn more about MTD.