Teqhou are now working with Microsoft in co-selling this important legislative product
There is a piece of VAT legislation that is changing that your finance team are aware of and its heading your way in October 2019. It’s called ‘making tax digital (MTD)’
Teqhou are working on a patch for AX2009 to be delivered early September in readiness to make company’s electronic VAT submissions compliant. The electronic VAT return will be populated with information directly obtained from the underlying records on AX2009. The return will still look the same as it has previously done with its normal nine boxes, but behind these figures will be supplementary information providing a summary to HMRC of the cost types incurred, such as totals for rent and rates, motor expenses, etc.