In line with the recent VAT format changes implemented by HMRC, AXIA are making changes to our PMX system to incorporate these changes.
HMRC are making changes to the method in which your VAT Return is submitted. VAT registered businesses with taxable turnover above the VAT registration threshold will be required to keep records in digital form and file their VAT Returns using software.
For the first VAT period starting on or after 1st April 2019 the submission must be made from within your office software and any figures collected from other places, must be “transferred digitally”.
AXIA are proposing that PMX will provide a CSV type file containing the totals on the Fee List, this CSV file will then be imported into the office software to generate an invoice. When the money is transferred the invoice will be paid off. In this way there is a “digital link” between PMX and the office software.
However, for this to work, you must have office software which is recognised by HMRC for the final submission. To find out more details of these changes, please click here. Or if you have any questions on how our PMX software will work in collaboration with these changes, then please contact our technical support team by emailing support@axiasoft.com or calling 01494 775586.