UK - Making Tax Digital

                                                     By Penguin accounts.

·        Customers above the threshold limit will be able to follow the MTD guideline through Penguin Accounts

·        All the VAT postings are maintained digitally as expected and the VAT return shall be submitted electronically via the APIs to HMRC system from Penguin Accounts

·        Penguin accounts  updates HMRC via the APIs directly.

·        The MTD VAT APIs allow Penguin accounts  to supply business financial data to HMRC, so that clients can fulfil their obligations.

·        The authorization tokens will be handled securely.

This document explains the process of submitting the VAT returns to HMRC via PenAir. Online filing of VAT MTD ( Making Tax Digital ) was introduced by HMRC from 1st April 2019.

Following steps should be done to file VAT electronically.

Step 1: Sign up for MTD with HMRC

Step 2: Complete VAT settings in Penguin accounts.

Step 3: Submit your VAT.

Step 1 :    Sign up for MTD with HMRC. 

Make sure you have your government gateway id, to sign up.

Click the below link to start the process.

https://www.tax.service.gov.uk/vat-through-software/sign-up/have-software

You can skip the below step since you are already using Penguin.

    Step 2 : Authorize penguin to file MTD

A sample URL for Settings  in PenAir Demo

https://penguindatacentre16.pensupport.co.uk/PenAIR/Penairdemo16/HMRCTEST/HMRCLoginForm.aspx

1.      Save the mandatory fields given below

a)      Application name

b)     Server Token

c)      Cline Id

d)     Client Secret

e)      URL  

And save by clicking “Save” Button

            Set the Redirect URL  in HMRC Account  

After saving , Click on “User” Button to create a test user. Then we will get VAT Registration number, User Name, Password.

Then Click on  “Authorize(Read)”. It will redirect to HMRC website on another tab.. 

There we must enter the username and password that we get from step 1 and click “Grant Authority” button in HMRC Website.

Then you will get the Access token and Refesh Token for  “Authorization(Read)”. 

Similiarly, Authorize “Write” and you will get Access token and Refesh Token for  “Authorization(Write)”. 

 Now you have all the credentials for submitting VAT.

The Access token will expire in 4 hours. If expired, click on Refresh token, so that the access token will be refreshed.

For the VAT RETURN SUBMISSION FROM PENAIR, please refer the help file for.

  →  HMRC MTD online filing process