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Making
Tax Digital
Accounting Software

Moneypex is cloud-based accounting software compatible with Making Tax Digital for VAT, supporting small businesses, accountants, and bookkeepers in UK.

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White tick Live chat support White tick Fully MTD compliant White tick Easy VAT submission

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Moneypex Makes Digital Tax Filing Simple

Whether you’re a sole trader, accountant or a limited company our Making Tax Digital software provides simple, actionable guidance on preparing for MTD, as well as information on how our HMRC-approved software can help you comply and pay VAT returns.

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Streamline Online Accounting and Tax

MTD requires that businesses maintain digital records of their income and taxation, and Moneypex's cloud-based accounting software simplifies this process. From tracking costs to generating tax reports, you can handle your VAT returns easily during tax-season

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HMRC Approved Accounting Software

We are one of the HMRC-approved software companies supporting Making Tax Digital for VAT returns, and we'll be considerably ahead of the trend for forthcoming updates to Making Tax Digital project for Income and Corporation Tax.

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Want Us To Help With Your Tax Returns?

As a user of Moneypex, you will have access to get live chat help from qualified bookkeepers. They will walk you through the process of linking your MTD account to Moneypex and then paying VAT returns to HMRC. You will get complete assistance until you’ve paid your tax successfully.

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Register for MTD and Submit VAT

Get complete guide to register for MTD and submit your VAT with Moneypex.

Making Tax Digital with Moneypex

See why Moneypex's HMRC-recognized accounting software is the right choice of MTD

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FAQs

UK government project Making Tax Digital (MTD) aims to streamline the way businesses record their earnings, expenses, and taxes. MTD aims to make it easier, more efficient, and more effective for taxpayers to report and pay the right amount of tax.

Making Tax Digital (MTD) is part of the government's long-term plan to make sure that all taxpayers use software for accurate accounting and tax reporting. Auto calculation of tax saves you in tax-season.

Once you set tax criteria according to your country or region. Accounting software automatically calculates taxes from total sales and purchases according to that criteria. Accounting software also generates total VAT returns reports for whole year, so you can pay easily to HMRC.

Yes, you can sign up for MTD and pay VAT returns to HMRC through Moneypex accounting software. You just have connect your accounting software to HMRC and then, you can pay VAT returns directly from there.

Statistics show that most spreadsheets have mistakes, and it's not always easy to find and fix them. Using accounting software provides accurate records and right amount of tax on them, which makes VAT returns payment easy.

Yes, but only when used in conjunction with the bridging software. To automatically replicate the data from the spreadsheet into the software, you will require spreadsheet bridging software.

Accounting software like Moneypex, which is MTD compatible and HMRC approved. You can directly pay your VAT returns to HMRC by connecting Moneypex accounting software to your HMRC account.

Accounting software like Moneypex is MTD-compatible software. That enables MTD's digital recordkeeping and data exchange with HMRC.

Under MTD, HMRC proposes to apply a simple points-based penalty system to late filings and payments. If penalty points exceed the limit, a financial penalty is incurred. Businesses with valid reasons can appeal penalty points.
Penalty points expire if there are no more late payments or submission issues.

When you use Moneypex accounting software, submitting your VAT Return in accordance with MTD is a breeze. Once you have completed your accounting for the period, your VAT Return is immediately computed and ready for submission to HMRC in just a few clicks.