GDS and the Making Tax Digital (MTD) legislation
Garage Data Systems is pleased to announce that its GDS Management System software for Independent Workshops and Motor Factors has been successfully reviewed and approved by HMRC, in respect of the Making Tax Digital legislation.
The MTD legislation which comes into effect in April will require VAT Returns to be submitted to HMRC by approved software. VAT Qualifying UK businesses will no longer be able to submit their VAT Returns online as a manual process by keying in the figures by hand.
The GDS system has always had the capability to generate a VAT Return document, and this has now been extended to allow electronic submission of the VAT Return using secure protocols over the Internet. This will mean that customers of the GDS system will not need to start using Sage or Xero if they don’t already do so today.
GDS Customers who have a current support and maintenance agreement will be eligible for the software updates required to ensure that Making Tax Digital works now and in the future. Customers who have expired support and maintenance agreements will be able to renew with us and will then be able to use this feature.
