Global Shop Solutions ERP software supports digital taxes for VAT in version 2018.1 and newer of our software.
You can find our company on the list of HMRC-recognized software for the new Making Tax Digital (MTD) regulation at GOV.UK.
Your VAT Return is submitted to HM Revenue & Customs (HMRC) either monthly or quarterly.
This period is known as your ‘accounting period’. During the accounting period, the VAT Return records:
- Your total sales and purchases
- The amount of VAT you owe
- The amount of VAT you can reclaim
- What your VAT refund from HMRC is
With VAT Electronic Submission your VAT Return can be done easily in Global Shop Solutions ERP software (version 2018.1 or newer). Review the checklist below to see if you have all the information you need to submit your VAT Return online.
What You’ll Need to Submit Your VAT Return Online
You will need a VAT number and a VAT online account. You can then submit your VAT Return using HMRC’s free online service or a commercial accounting software.
If you need:
- A VAT number and online account – register for VAT
- An online account – sign up for an online account and select ‘VAT submit returns’
- A VAT number – log in to your online account and apply for a VAT number
If you have access to everything listed above, you will be able to set-up, submit, and finalize your Electronic VAT Return through Global Shop Solutions ERP software. To do that please follow the step-by-step instructions listed in the VAT Electronic Submission document.
If at any point during the process you have any questions or concerns, please check the common error section at the end of the document. Please note if you originally digitally submitted your VAT Return through your legacy system, you must update this in order for it to work with Global Shop Solutions ERP software. If the issue is still not resolved, we advise you to place a service ticket via ServiceWeb.