The Vanilla Application
Vanilla announces it’s latest software application, Vanilla MTD for IFS
Making Tax Digital (MTD) for VAT requires VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form and file their VAT Returns using software.
Vanilla MTD for IFS provides a digital link between IFS Applications and HMRC. This way, IFS will record all sales, purchases, and expenses in a digital format, and then transfers the totals for each of these to API-enabled software which prepares the VAT Return. The API-enabled software has the necessary functionality to prepare the VAT Return, and submit this to HMRC via an API
This method is depicted below, which includes a link to the subject on the HMRC website
The Vanilla MTD for IFS application will be fully compliant when delivered, including the digital link to IFS and API submission to HMRC