If you are a VAT registered business in the UK with a taxable turnover of over £85,000, you are now required to submit your VAT returns via MTD for VAT recognised software and keep your records in a digital format. This came into effect from 1st April 2019.
First, you will need to register for MTD with HMRC directly. Then, when you choose the new MTD VAT component from the menu in Business Accountz, you will be taken to a wizard that will guide you through the setup process for the new authentication system.
You must complete the wizard with your companies' HMRC log in details: VRN (VAT Registration Number), User ID and Password. As part of the wizard, HMRC will ask you to "grant" Business Accountz permission to submit VAT returns on your behalf.
Your VAT periods will then be determined directly by HMRC (superseding any settings previously made in Business Accountz).
Once you are ready with your MTD VAT Return, click the "Submit" button to send your VAT return.
Please note - the VAT component is not available in the Startup Kit or in older versions of Business Accountz.