MTD UK - Making Tax Digital
S4FN provides integrated easy to implement SAP solutions for SAF-T and E-Invoicing, don't change any configuration of SAP.
Our solutions are ready to run and doesn't require any cloud connectivity or per transaction fees. Our all objects has namespace /s4fn, in this way they are not interfere with SAP objects and custom Z objects. We support direct connecitivity to tax agencies with built-in connectors. Connectivity generally a simple RFC definition from the SAP configuration point of view.
Making Tax Digital HMRC MTD SAP Add On
Making Tax Digital (MTD) in the UK, is HMRC’s new digitally advanced tax system. In the first phase, MTD focuses on VAT and all businesses with a turnover above the VAT threshold are required to keep digital records and submit VAT returns electronically through MTD compliant software like S4FN MTD UK SAP add-on.
MTD UK Making Tax Digital
Making Tax Digital Making Tax Digital is the government’s plans to make it easier to submit their tax. HMRC is aiming to be one of the most digitally advanced tax administrations in the world.
UK MTD Adjustments Making Tax Digital
According to VAT Notice 700/22: Making Tax Digital for VAT you can make adjustments to VAT submission. Below the excerpt from the notice