{"id":690,"date":"2019-07-25T16:40:16","date_gmt":"2019-07-25T15:40:16","guid":{"rendered":"https:\/\/support.ospreyapproach.com\/?post_type=pracctice_guide&p=690"},"modified":"2024-05-28T09:06:09","modified_gmt":"2024-05-28T08:06:09","slug":"making-tax-digital","status":"publish","type":"pracctice_guide","link":"https:\/\/ospreyapproach2022.wireddemo.co.uk\/support\/guides\/making-tax-digital\/","title":{"rendered":"Making Tax Digital (MTD)"},"content":{"rendered":"
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Who is this guide for?<\/strong><\/p>\n

<\/i> Accounts Users<\/strong> and Accounts Supervisors<\/strong><\/p> \n<\/div>\n\n\n\n

Osprey Approach integrates with the HMRC Gateway, allowing you to submit your VAT returns through the system. This guide will show you how to go through this process<\/h2>\n\n\n\n

Please note that VAT submission date and period expectations are set by HMRC through your Gateway account. If you are planning to submit VAT at the end of a period which differs to your usual submission date, HMRC will need to be made aware of this, and have set this up against your company Gateway account. Osprey VAT Quarter ticks will have no bearing on the periods\/dates that the HMRC API looks for. <\/strong><\/p>\n\n\n\n

Set your VAT number<\/p>\n\n\n\n

First, you\nwill need to ensure that the correct VAT number has been allocated to your\nbranch or branches.<\/p>\n\n\n\n

Navigate to the Branches area under Supervisor > System Setup.<\/p>\n\n\n

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Right-click on a branch and select \u2018Edit\u2019 to view the details.<\/p>\n\n\n

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The VAT number should be entered into the VAT No box on this screen, and should be entered for every branch you have set up on your system. <\/p>\n\n\n\n

If the VAT number is not correct, your submission is likely to be rejected. ALL Branches will need to have a VAT number, otherwise their VAT figures will not be pulled through to the VAT Submission.<\/p>\n\n\n\n

Please note that you can have the same VAT Number for more than one branch.<\/p>\n\n\n

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Grant Authority for Osprey to submit your returns<\/p>\n\n\n\n

Navigate to the Reports tab in the left-hand side menu and select \u2018Financial Management\u2019. The top option should read \u2018VAT MTD (Make Tax Digital)\u2019.<\/p>\n\n\n\n

If this does not appear, please check with your System Supervisor to ensure that your access template allows you to access this area.<\/p>\n\n\n

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Once selected, the following screen will display, showing any previously submitted VAT returns. If no returns have been submitted, this screen will be blank.<\/p>\n\n\n\n

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The \u2018View Submitted VAT Form Data\u2019 icon displays what has been submitted. If any changes have been made, then this will differ from the \u2018Calculated\u2019 display.<\/p>\n\n\n\n

The \u2018View Calculated VAT Form\nData\u2019 icon displays the figures created at Period End and will match exactly\nwith your printed form.<\/p>\n\n\n\n

When you are ready to submit,\nselect the \u2018New VAT Submission\u2019 button. If you are running this for the first\ntime, a pop-up will appear asking you to sign into the HMRC gateway. Select\ncontinue and then enter your credentials to sign in. Please note that you\nshould have already been provided with these credentials by the HMRC. You will\nalso need to ensure that pop-ups are not blocked.<\/p>\n\n\n\n

Your credentials are valid for 18 months, once they have expired you will need to follow the steps to delete your HMRC access token below, sign in and grant authority again.<\/p>\n\n\n\n

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Once \u2018Grant Authority\u2019 has been selected on the final screen, the window will close.<\/p>\n\n\n\n

Submit your VAT return<\/p>\n\n\n\n

Navigate to Reports > Financial Management > VAT MTD and click New VAT Submission. <\/p>\n\n\n\n

Enter the From and To dates. These dates will reflect your Period End VAT form. Please ensure that the dates are entered in the DD\/MM\/YYYY<\/strong> format.<\/p>\n\n\n\n

Under \u2018Obligations\u2019 you can select the following options:<\/p>\n\n\n\n

All<\/strong> – Shows all returns.<\/p>\n\n\n\n

Fulfilled<\/strong> – Only shows previously submitted returns.<\/p>\n\n\n\n

Open<\/strong> – Shows current period being submitted against.<\/p>\n\n\n

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Selecting the \u2018View VAT Return\u2019 icon will display the VAT figures submitted for that period.<\/p>\n\n\n\n

Selecting the \u2018Submit VAT Return\u2019 icon will open the VAT Return form, as below.<\/p>\n\n\n

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This populates information from Osprey Approach and can be overtyped if necessary. To do this, tick the \u2018Allow Figure Amendments\u2019 box above the list of figures.<\/p>\n\n\n

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A text box will now appear next to each figure, allowing you to insert the amendment, for example if there is a \u00a310 shortfall, enter -10. If you are under \u00a310 then simply enter 10. When exiting the field, the figure in the form will automatically update.<\/p>\n\n\n\n

Please note:<\/em> You\nmay only add full numbers in these boxes. Due to HMRC restrictions, you cannot\nadd decimal points and a pence figure. Please add any amendments in whole\npounds.<\/strong><\/p>\n\n\n\n

Select \u2018Submit\u2019 when you are\nhappy with the figures.<\/p>\n\n\n\n

Under VAT Liabilities, you can view any returned\nsubmissions between the selected From and To dates, a summary of the original\namount outstanding and any amount still outstanding is displayed.<\/p>\n\n\n\n

Under VAT Payments, you can view the amounts outstanding\nand the payments received between the selected From and To dates.<\/p>\n\n\n\n

Please note that all of this data\nis returned from the HMRC.<\/p>\n\n\n\n

Once complete, select the \u2018Back to Submitted VAT Forms\u2019 button. You will be taken to your list of submissions and will notice that a new row has been added displaying the details of your latest submission.<\/p>\n\n\n

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Delete your HRMC access token<\/p>\n\n\n\n

If you are having difficulty accessing the Making Tax Digital area of Osprey, you may need to clear your HMRC access token and sign in to your Government Gateway account again. You will need your Government Gateway ID and password to do this, along with the phone used to receive authorisation codes. <\/p>\n\n\n\n

Navigate to the User Profile area of Osprey in the top right hand corner of your browser. If you receive a message stating that you are not authorised to view this page, please ask your system supervisor to grant you access to this area. <\/p>\n\n\n

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Scroll down to the section headed HRMC Access Token.<\/p>\n\n\n

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Click Delete HMRC access token.<\/p>\n\n\n

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Click OK on the above message, then navigate back to Reports > Financial Management > VAT MTD. Select New VAT Submission, and the system will then ask you to log into the Government Gateway and grant authority again.<\/p>\n\n\n\n

Having Issues?<\/p>\n\n\n\n

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Troubleshoot Making Tax Digital Error Messages and Other Problems<\/a><\/blockquote>