Making Tax Digital (MTD) is an overhaul of the UK VAT system, put in place by HMRC to help save time, reduce errors and minimise the risk of penalties.
HMRC will give businesses until 31st March 2020 to make sure there are digital links between software products, and all manual processes replaced with digital ones.
This means that manual transfer of data to your primary accounting software will no longer be permitted, and from the deadline, can only be done through a digital upload.
Therefore, at Hotel Perfect we have created a new interface as a solution for the digital links part of the MTD requirement. Our New Financial Interface will allow for the data from your Hotel Perfect PMS to be transferred digitally into your primary accounting system, without any manual interference.
Accounting platforms that we are supporting include:
We believe that this is positive for businesses; it will allow for better quality reporting, fewer errors and faster results. It will also free up time for more important activities within the business.