1 MAKING TAX DIGITAL: DEMONSTRATIONincrementalgroup.co.uk

WHITE

PAPER

Making Tax Digital Module:Walkthrough

2 MAKING TAX DIGITAL: DEMONSTRATIONincrementalgroup.co.uk

WHITE

PAPER

IntroductionMaking Tax Digital will apply from April 2019 and will require organisations to submit VAT digitally.

Microsoft has provided capability to support Making Tax Digital for Dynamics 365 Business Central, Dynamics 365 for Finance and Operations and Dynamics AX 2012 R3 and Dynamics NAV 2015, 2016, 2018. We have developed a module to provide the capability for users of older unsupported versions of Dynamics.

The Incremental Group Module for Making Tax Digital is available for the versions of Dynamics highlighted in Table 1.1. The module delivers compliant data to HMRC from within AX or NAV, by communicating directly with the HMRC web service.

In this step by step guide we will provide a walkthrough of just how easy it is to submit VAT for organisations using our Module. In this example we are using Dynamics AX.

PRODUCT SUPPORTED VERSIONS

Dynamics AXAX 2012 R2

AX 2012 RTMAX 2009

Dynamics NAVNAV 2013NAV 2009

Table 1.1 – Supported versions of Making Tax Digital

3 MAKING TAX DIGITAL: DEMONSTRATIONincrementalgroup.co.uk

WHITE

PAPER

Step 1

Customer uses Standard VAT payments facility to verify the VAT return prior to submission.In order to access the VAT form customisation you must go to the VAT payments option in the general ledger under Periodic.

We have added a drop down menu with HMRC tax periods and we have also added additional HMRC warning text as required by the Making Tax Digital regulations.

21

4 MAKING TAX DIGITAL: DEMONSTRATIONincrementalgroup.co.uk

WHITE

PAPER

Step 2

In order to actually submit the VAT return, the user must tick BOTH checkboxes to confirm that the T&Cs have been read and agreed with.

5 MAKING TAX DIGITAL: DEMONSTRATIONincrementalgroup.co.uk

WHITE

PAPER

Step 3

Standard Dynamics “VAT payments” report form now shows that the VAT return was submitted to HMRC.

6 MAKING TAX DIGITAL: DEMONSTRATIONincrementalgroup.co.uk

WHITE

PAPER

Step 4

Clicking “Retrieve VAT return” will call the HMRC web service to retrieve details of the submitted VAT return directly.

7 MAKING TAX DIGITAL: DEMONSTRATIONincrementalgroup.co.uk

WHITE

PAPER

Step 5

User can also enquire from HMRC regarding obligations fulfilled and open.

8 MAKING TAX DIGITAL: DEMONSTRATIONincrementalgroup.co.uk

WHITE

PAPER

0345 565 3000info@incrementalgroup.co.ukwww.incrementalgroup.co.uk

Get Making Tax Digital compliantOur Making Tax Digital Module is available for Microsoft Dynamics and can be easily added to your instance. Contact us today to get a quote for your organisation.

We also offer the ability to provide a consolidated VAT return for more than 1 legal entity for group VAT returns.

Incremental Group is a leading Microsoft Dynamics partner, offering a wide range of services for Dynamics AX, Dynamics NAV, Dynamics CRM and Dynamics 365,