Making Tax Digital for VAT – UK

VAT-registered businesses with a taxable turnover above the VAT threshold are now required to use the Making Tax Digital service to maintain digital records and use software to submit their VAT returns for VAT periods that started on or after 1 April 2019. The exception to this is a small minority of VAT-registered businesses with more complex requirements. The mandate has been delayed for these customers until 1 October 2019 to ensure there is sufficient time to test the service with them in the pilot before they are mandated to join.

HMRC has extended digitally linked mandating to the 1st of April 2021 due to the coronavirus outbreak.

S4FN provides an integrated add-on with management screens to prepare and send reports from SAP ERP.  The add-on extracts the data and maps it to VAT boxes via tax code assignments. Implementation on the business side includes mapping boxes to tax codes.

The excel upload functionality enables you to add corrections to your SAP data.

General Features

• Extraction of data from SAP and calculation of the required figures for the VAT return
• Display of the VAT return before being submitted to HMRC 
• Submission of the VAT report to the HMRC MTD platform 
• Logging of references from HMRC
• Downloadable PDF submission report

Requirements

The S4FN MTD Add-on is compatible with everything from EHP4 to S/4 Hana systems.

What you get

• On-premise installation, no interaction with third-party services
• Isolated structure – The add-on does not interfere with existing programs or processes
• Developed in S4FN’s own Namespace /s4fn/
• Web Dynpro or SAP GUI interface
• Simple transmitting of the data via RFC communication
• Authentication from SAP that is compatible with the Oauth2.0 standard used by HMRC
• Uses existing VAT bookings to calculate the VAT returns
• Provides the ability to add external data
• Reporting of submissions with logging
• Supports integration services PI, BizTalk, MuleSoft
• Easy implementation through an SAP transport file
• S4FN is responsible for maintaining the SAP Add-On – MTD compliance in the long run
• No additional SAP licenses required

How to start

With S4FN’s MTD-VAT Add-on your SAP system will be compliant with MTD for VAT regulations.

You don’t need to do anything to make your SAP system compliant. Due to our isolated structure, the implementation does not affect any existing objects in your system.

Plus, with on-premise architecture, you also don’t need to pay any additional submission fees.

Pricing and Plans

USD 21 000.00 flat rate pricing. Get it now.

Please contact us for more details about the plans.