We wanted to take the opportunity to share some Magic Tax news with you.
…and our favourite Magic Tax comment of the week too!
“Magic Tax is Simple, Free and Saved Me Hours of Headbanging.”
Magic Tax User
Hopefully, that comment sums up how easy it is to file your VAT return using Magic Tax!
Since it’s launch, just 18 months ago Magic Tax has now raised nearly £3,000 for Marie Curie from voluntary donations kindly sent in by users of the FREE software.
Over the last 18 months, we’ve helped many small, medium and large businesses to comply with HMRC’s Making Tax Digital for VAT regulations which came into effect in April 2019.
COVID-19 has created extremely difficult times for all, and HMRC confirmed earlier this year that they are “committed to helping in every way possible all those businesses facing unprecedented challenges”.
Therefore, HMRC have provided all MTD businesses with more time to put in place digital links between all parts of their functional compatible software. This means that all businesses now have until their first VAT return period starting on or after 1 April 2021 to put digital links in place.
This means that Magic Tax users can continue to support Marie Curie by using Magic Tax to file their VAT returns and comply with HMRC’s MTD for VAT legislation. KFA Connect will continue to support Magic Tax users for as long as Bridging Software (using copy/paste method) is deemed as an acceptable means of filing by HMRC.