{"id":7284,"date":"2019-01-31T11:32:42","date_gmt":"2019-01-31T11:32:42","guid":{"rendered":"https:\/\/acora2021arch.wpengine.com\/?p=7284"},"modified":"2024-05-24T14:53:53","modified_gmt":"2024-05-24T14:53:53","slug":"making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered","status":"publish","type":"post","link":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/","title":{"rendered":"Making Tax Digital \u2013 Microsoft Dynamics 365 has you covered"},"content":{"rendered":"

As part of their ongoing efforts to streamline UK taxation, HMRC\u2019s long-awaited \u201cMaking Tax Digital\u201d programme is finally coming into effect. From 1st<\/sup> April 2019 (not an April fool, promise) the way your business reports and records VAT will change.<\/p>\n

Top of the list, unsurprisingly, is the need to record VAT digitally. In fact, all of your records will need to be kept digitally from April.<\/p>\n

The second requirement is the system used to record your accounts must upload VAT returns directly to HMRC using the government portal. In return, HMRC will maintain a running balance of tax owed throughout the year. You can also download the figure to your own accounts system for your records.<\/p>\n

Your accounts system must also complete a final tax return at year end. As well as recording income and expenses, the final report enables you to claim any allowances and reliefs to which you are entitled.<\/p>\n

Great. More software.
\n<\/strong>
\nFor some firms this will mean upgrading or replacing their accounting software \u2013 and not all applications are approved for use with the Making Tax Digital programme. So, not only do you get taxed by HMRC, but you have to pay for a new system to do it!<\/p>\n

However, Microsoft has added new functionality specifically for HMRCs new rules, which provides the necessary connections to HMRCs APIs, so those using Dynamics 365 Business Central<\/a> or NAV 2015<\/a> should be able to become compliant by running the latest cumulative update and setting up the application.
\n
\n<\/strong>Setting up the GTD VAT application is relatively straight forward. There\u2019s a simplified wizard to guide you through the process under HMRC VAT Setup<\/strong> on the Service Connections<\/strong> page. Be aware that you will need your company Gov.uk login to request an authorisation token for the connector. Once complete, you will receive regular reminders to update VAT records \u2013 and to submit your quarterly report to HMRC. You also have the option to pay your outstanding VAT balance direct from Dynamics at any point during the year, to help better manage budget and outgoings.
\n
\nOn an old version of Microsoft Dynamics NAV<\/a>? <\/strong>Unfortunately, only more recent versions of Dynamics NAV have the functionality available to comply with HMRCs new rules. As many older versions are no longer supported by Microsoft, and so won\u2019t receive the cumulative updates. For those on unsupported versions we recommend you consider upgrading, as this will ensure that you\u2019ll be able to take advantage of the cumulative updates as soon as they are available.<\/p>\n

Unsupported versions include: <\/strong>Microsoft Dynamics NAV 2013, 2013 R2, 2009, Version 5, Version 4 and Version 3.6.<\/p>\n

If you have any questions, or need additional guidance, feel free to get in contact.\u00a0 Acora consultants are always available to assist.<\/p>\n","protected":false},"excerpt":{"rendered":"

As part of their ongoing efforts to streamline UK taxation, HMRC\u2019s long-awaited \u201cMaking Tax Digital\u201d programme is finally coming into effect. From 1st April 2019 (not an April fool, promise) the way your business reports and records VAT will change….<\/p>\n","protected":false},"author":16,"featured_media":10805,"comment_status":"closed","ping_status":"open","sticky":false,"template":"full-width-single-post.blade.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nMaking Tax Digital is coming - MS Dynamics 365 has it covered - Acora<\/title>\n<meta name=\"description\" content=\"As part of their ongoing efforts to streamline UK taxation, HMRC\u2019s long-awaited \u201cMaking Tax Digital\u201d programme is finally coming into effect. From 1st April 2019\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Making Tax Digital \u2013 Microsoft Dynamics 365 has you covered\" \/>\n<meta property=\"og:description\" content=\"As part of their ongoing efforts to streamline UK taxation, HMRC\u2019s long-awaited \u201cMaking Tax Digital\u201d programme is finally coming into effect. From 1st April 2019\" \/>\n<meta property=\"og:url\" content=\"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/\" \/>\n<meta property=\"og:site_name\" content=\"Acora Netherlands\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-31T11:32:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-24T14:53:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/acora-staging.b-cdn.net\/app\/uploads\/sites\/4\/2019\/01\/Press-tax.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Acora Press Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Acora Press Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/\"},\"author\":{\"name\":\"The Acora Press Team\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/#\\\/schema\\\/person\\\/90ace47b87c23ca035fe2b7bcb298267\"},\"headline\":\"Making Tax Digital \u2013 Microsoft Dynamics 365 has you covered\",\"datePublished\":\"2019-01-31T11:32:42+00:00\",\"dateModified\":\"2024-05-24T14:53:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/\"},\"wordCount\":458,\"image\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/acora-staging.b-cdn.net\\\/app\\\/uploads\\\/sites\\\/4\\\/2019\\\/01\\\/Press-tax.jpg\",\"articleSection\":[\"Acora Archives\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/\",\"url\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/\",\"name\":\"Making Tax Digital is coming - MS Dynamics 365 has it covered - Acora\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/acora-staging.b-cdn.net\\\/app\\\/uploads\\\/sites\\\/4\\\/2019\\\/01\\\/Press-tax.jpg\",\"datePublished\":\"2019-01-31T11:32:42+00:00\",\"dateModified\":\"2024-05-24T14:53:53+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/#\\\/schema\\\/person\\\/90ace47b87c23ca035fe2b7bcb298267\"},\"description\":\"As part of their ongoing efforts to streamline UK taxation, HMRC\u2019s long-awaited \u201cMaking Tax Digital\u201d programme is finally coming into effect. From 1st April 2019\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/#primaryimage\",\"url\":\"https:\\\/\\\/acora-staging.b-cdn.net\\\/app\\\/uploads\\\/sites\\\/4\\\/2019\\\/01\\\/Press-tax.jpg\",\"contentUrl\":\"https:\\\/\\\/acora-staging.b-cdn.net\\\/app\\\/uploads\\\/sites\\\/4\\\/2019\\\/01\\\/Press-tax.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/archive\\\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Applications\",\"item\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/category\\\/applications\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Making Tax Digital \u2013 Microsoft Dynamics 365 has you covered\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/#website\",\"url\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/\",\"name\":\"Acora Netherlands\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/#\\\/schema\\\/person\\\/90ace47b87c23ca035fe2b7bcb298267\",\"name\":\"The Acora Press Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f49ea7f3b1a87fbd47967cc4ca7d8fb465a57c950c1f45269f891b4066daec14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f49ea7f3b1a87fbd47967cc4ca7d8fb465a57c950c1f45269f891b4066daec14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/f49ea7f3b1a87fbd47967cc4ca7d8fb465a57c950c1f45269f891b4066daec14?s=96&d=mm&r=g\",\"caption\":\"The Acora Press Team\"},\"url\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nl\\\/news\\\/author\\\/marketingteamacora-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Making Tax Digital is coming - MS Dynamics 365 has it covered - Acora","description":"As part of their ongoing efforts to streamline UK taxation, HMRC\u2019s long-awaited \u201cMaking Tax Digital\u201d programme is finally coming into effect. From 1st April 2019","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Making Tax Digital \u2013 Microsoft Dynamics 365 has you covered","og_description":"As part of their ongoing efforts to streamline UK taxation, HMRC\u2019s long-awaited \u201cMaking Tax Digital\u201d programme is finally coming into effect. From 1st April 2019","og_url":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/","og_site_name":"Acora Netherlands","article_published_time":"2019-01-31T11:32:42+00:00","article_modified_time":"2024-05-24T14:53:53+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/acora-staging.b-cdn.net\/app\/uploads\/sites\/4\/2019\/01\/Press-tax.jpg","type":"image\/jpeg"}],"author":"The Acora Press Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The Acora Press Team","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/#article","isPartOf":{"@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/"},"author":{"name":"The Acora Press Team","@id":"https:\/\/acora.s.nomatter.dev\/nl\/#\/schema\/person\/90ace47b87c23ca035fe2b7bcb298267"},"headline":"Making Tax Digital \u2013 Microsoft Dynamics 365 has you covered","datePublished":"2019-01-31T11:32:42+00:00","dateModified":"2024-05-24T14:53:53+00:00","mainEntityOfPage":{"@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/"},"wordCount":458,"image":{"@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/#primaryimage"},"thumbnailUrl":"https:\/\/acora-staging.b-cdn.net\/app\/uploads\/sites\/4\/2019\/01\/Press-tax.jpg","articleSection":["Acora Archives"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/","url":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/","name":"Making Tax Digital is coming - MS Dynamics 365 has it covered - Acora","isPartOf":{"@id":"https:\/\/acora.s.nomatter.dev\/nl\/#website"},"primaryImageOfPage":{"@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/#primaryimage"},"image":{"@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/#primaryimage"},"thumbnailUrl":"https:\/\/acora-staging.b-cdn.net\/app\/uploads\/sites\/4\/2019\/01\/Press-tax.jpg","datePublished":"2019-01-31T11:32:42+00:00","dateModified":"2024-05-24T14:53:53+00:00","author":{"@id":"https:\/\/acora.s.nomatter.dev\/nl\/#\/schema\/person\/90ace47b87c23ca035fe2b7bcb298267"},"description":"As part of their ongoing efforts to streamline UK taxation, HMRC\u2019s long-awaited \u201cMaking Tax Digital\u201d programme is finally coming into effect. From 1st April 2019","breadcrumb":{"@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/#primaryimage","url":"https:\/\/acora-staging.b-cdn.net\/app\/uploads\/sites\/4\/2019\/01\/Press-tax.jpg","contentUrl":"https:\/\/acora-staging.b-cdn.net\/app\/uploads\/sites\/4\/2019\/01\/Press-tax.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/acora.s.nomatter.dev\/nl\/news\/archive\/making-tax-digital-has-arrived-and-ms-dynamics-365-has-you-covered\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/acora.s.nomatter.dev\/nl\/"},{"@type":"ListItem","position":2,"name":"Applications","item":"https:\/\/acora.s.nomatter.dev\/nl\/news\/category\/applications\/"},{"@type":"ListItem","position":3,"name":"Making Tax Digital \u2013 Microsoft Dynamics 365 has you covered"}]},{"@type":"WebSite","@id":"https:\/\/acora.s.nomatter.dev\/nl\/#website","url":"https:\/\/acora.s.nomatter.dev\/nl\/","name":"Acora Netherlands","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/acora.s.nomatter.dev\/nl\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/acora.s.nomatter.dev\/nl\/#\/schema\/person\/90ace47b87c23ca035fe2b7bcb298267","name":"The Acora Press Team","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secure.gravatar.com\/avatar\/f49ea7f3b1a87fbd47967cc4ca7d8fb465a57c950c1f45269f891b4066daec14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f49ea7f3b1a87fbd47967cc4ca7d8fb465a57c950c1f45269f891b4066daec14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f49ea7f3b1a87fbd47967cc4ca7d8fb465a57c950c1f45269f891b4066daec14?s=96&d=mm&r=g","caption":"The Acora Press Team"},"url":"https:\/\/acora.s.nomatter.dev\/nl\/news\/author\/marketingteamacora-com\/"}]}},"_links":{"self":[{"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/posts\/7284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/comments?post=7284"}],"version-history":[{"count":1,"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/posts\/7284\/revisions"}],"predecessor-version":[{"id":17695,"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/posts\/7284\/revisions\/17695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/media\/10805"}],"wp:attachment":[{"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/media?parent=7284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/categories?post=7284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acora.s.nomatter.dev\/nl\/wp-json\/wp\/v2\/tags?post=7284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}