A choice of solutions to meet your Tax Digital needs

Businesses above the VAT threshold have been mandated to keep their records digitally and submit their VAT returns to the HMRC directly through the HMRC MTD API. VAT-registered businesses with a taxable turnover below £85,000 are required to follow Making Tax Digital rules for their first return starting on or after April 2022.

HMRC’s requirement is that all VAT return data is digitally linked to the source data so that values in the return can be traced from the ledger (i.e. purchase/sales ledger) through to VAT return completion and upload.

An MTD solution from Professional Advantage will make calculating your VAT return easier and fully auditable. As compliant HMRC software, it meets the HMRC requirement for security and digital submission of returns, while also offering real time inquiry and visibility of information held by the HMRC.

MTD supports an unlimited number of VAT Numbers and VAT Groups, while managing all HMRC API authentication requirements.

We also recognise that tax management can be complex, and in some cases, there may be a requirement for preparation outside of your financial systems, such as for partially recoverable tax, or where source transactions are recorded in other systems.


 

​MTD Solutions you can rely on

Unlike other making tax digital offerings, our MTD solutions have a proven track record of successful tax submissions and has been shown to meet the needs of a wide, mature client base for over 18 years and is the most widely used solution amongst the SunSystems community in the UK.

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 solutions are 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.

If you are an Infor SunSystems site, you will already know that we are 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. ​With Professional Advantage, you have a choice of solutions.

PAMTD

A system designed specifically for Infor SunSystems users, offering real time, flexible, direct extraction of VAT related values from your ledger. PAMTD maintains journal data integrity across returns and understands SunSystems data structures out of the box. It additionally provides an Excel ‘Add-In’, which allows you to include Excel based data in your return where needed.

PAMTD automates 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 also maintains 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.

PAMTD has 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 Infor SunSystems and the ability to handle Group VAT.

MTD XL

A standalone solution, allowing returns to be submitted to the HMRC where the data source is exclusively in Excel spreadsheets. Deployed through an Excel ‘Add-In’, it is a ‘bridging’ solution, that enables MTD submission compliance where data has been extracted from the ledger in an HMRC complaint, digitally auditable fashion.


 

Why people choose MTD from Professional Advantage​

Making Tax digital solutions from Professional Advantage cater for all organisations, whether using Infor SunSystems as their financial solution or levering data from other finance systems or sources.

The key benefit of both our solutions, is that they allow fully HMRC complaint VAT return submission ,  while being fully auditable and speeding up your monthly cycle.

Unlike other making tax digital offerings, our MTD solutions have a proven track record of successful tax submissions and has been shown to meet the needs of a wide, mature client base for over 18 years and are the most widely used making tax digital solutions amongst the SunSystems community in the UK.

Benefits

  • Choice of Infor SunSystems solution or an Excel ‘Bridging’ function
  • Electronic return passed into the secure HMRC API
  • Allows for the storage of non VAT related information required to be reported on the Electronic Tax Return
  • Electronic return passed into the secure HMRC API automatically and authenticated
  • The process is automatic. A client could reduce the preparation, report running and record keeping time by 3 to 6 hours per reporting cycle thus reducing cost and errors 
  • Caters for multiple VAT Numbers and VAT Groups
  • Allows for Transaction Date or Period based extraction

Benefits for Infor SunSystems sites

  • Available on premise, private hosted or for Infor SunSystems Cloud*
  • Understands Infor SunSystems “out of the box”
  • Compliance across Infor SunSystems 4.4, 5.4.1 and v6.1+
  • Transfers Infor SunSystems data into the MTD VAT format
  • Ability to include data held in Excel Spreadsheets in your return as a single source or in combination with SunSystems ledger data
  • Electronic return passed into the secure HMRC API
  • Provides an audit trail of previous VAT Returns and associated transactions
  • Supports Infor SunSystems 4.4, 5.4.1 and v6.1 and above, inherently understanding SunSystems User Security, Business Units, and data structures - as with all Professional Advantage solutions
  • Transfers Infor SunSystems data into the MTD VAT format
  • 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

*PAMTD available for Infor Cloud late 2022.

Understands your data

On demand inquiry, validation & submission

Include external data

Full historical audit trail from your finance solution to HMRC

Period to month conversation

Caters for multiple Business units. databases and Groups

We can turn your vision into reality.

Complete the form below, or contact us on +44 (0)207 268 9800 to speak to one of our experts today.

Want to know more?

We understand that the software selection process takes time and research. MTD has helped many organisations like yours transform the way they do business. Download our MTD brochure to learn more.