In response to the HMRC’s “Making Tax Digital for VAT” scheme, The NAV People have developed an MTD Excel Bridge, leveraging Jet Reports to automate the data transfer.
When the HMRC announced the mandate for ‘Making Tax Digital for VAT’ in 2018, businesses across the United Kingdom were faced with new and complex requirements for VAT reporting. With the looming deadline of April 1, 2029, panic has begun to set in for businesses with a taxable turnover above the VAT threshold (ie – a turnover above £85,000), who will soon be required to use the Making Tax Digital service to keep records digitally, and to use software to submit their VAT returns. This policy applies to these businesses starting April 1, 2019, and onward perpetually.
For businesses running Microsoft Dynamics NAV or Dynamics 365 Business Central, the stress of this change has been greatly reduced by the development of the MTD Excel Bridge, designed and ready for implementation by The NAV People.
Leveraging Jet Reports, a Jet Global solution, which integrates directly with Excel and with NAV or Business Central, The NAV People’s MTD Excel Bridge allows users to install an Excel add-in, giving them the ability to transmit their VAT Returns to HMRC directly from Excel. To reach full compliance in MTD, companies need to be able to get their VAT information into Excel in an automated way – and the integration with Jet Reports ensures this automated transfer is literally done with the click of a button.
“We’re excited to be part of the solution to the MTD requirements for businesses in the U.K.,” says Paul Hollcraft, Managing Direction of Jet Global in the United Kingdom. “We know we’ve got solutions to a lot of different reporting requirements, and we believe The NAV People have really leveraged our technology to provide a much needed, and simple product to help local businesses through this transition to digital. We really enjoy seeing our partners use our solutions to solve business challenges that are specific to their region. It speaks to the flexibility and ease of our systems.”
The MTD Excel Bridge works with all versions of Dynamics NAV and Business Central, and on all versions of Excel 2013 and later. Success is predicated on the proper set up of VAT Statements in the system, which can be done with help from The NAV People before customers’ get started with the MTD Excel Bridge.
“We knew the start of the MTD requirements would complicate things for many of our customers and other businesses across the United Kingdom, and we wanted to become part of the solution immediately.” Says Paul Cartwright, Product Director at The NAV People. “With the development of the MTD Excel Bridge, we’re helping businesses get compliant quickly and easily, and reducing the strain and worry they may have had about the changes. The solution is basically plug and play for our customers who are already set up in their NAV or Business Central system properly, and for those just getting started using VAT statements, or still working on streamlining their ERP, we are able to step in and get it all working together. We’re really excited to help everyone make tax digital.”
Want to see exactly how the MTD Excel Bridge works? Take a look at this video: https://thenavpeople.com/excel-bridge
You can purchase The NAV People’s MTD Excel Bridge by contacting them at firstname.lastname@example.org
Don’t delay, Making Tax Digital goes into full effect on April 1, 2019.
About Jet Global
Jet Global delivers flexible reporting, fast analytics, and controlled budgeting solutions built for Microsoft Dynamics. Achieve instant success and make decisions at the speed of business without the need for bottlenecked technical resources, or data expertise. Visit insightphase2.wpengine.com to see why over 219,150 users rely on Jet for complete data access.
About The Nav People
Established in 2009, The NAV People takes pride in being the UK’s leading reseller of Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central (the latest version of NAV) – one of the world’s most popular Enterprise Resource Planning (ERP) systems.
We’re slightly quirkier than the average software reseller – having a very passionate, innovative and customer-centric company culture. In a nutshell, as well as selling Dynamics NAV and Dynamics 365 Business Central, our team of highly-skilled professionals manage all related integration and implementation projects, develop complementary creative, practical enhancements for these Microsoft products, offers third-party and bespoke solutions, with sides of exceptional customer support and product training.