[Infographic] Making Light Work of Making Tax Digital

Jeroen Wensveen
November 8, 2018

In December 2015, Her Majesty’s Revenue & Customs (HMRC) in the UK produced its Making Tax Digital (MTD) roadmap, the pathway by which it would reach its ambition “to become one of the most digitally advanced tax administrations in the world.”

MTD becomes a reality on 1 April 2019 for all VAT registered business with a taxable turnover above the threshold of £85,000.  Businesses will need compatible software that meets the specification requirements to handle the VAT return files, demonstrate a clear electronic audit trail and connect to the HMRC systems through an Application Programming Interface (API).

The Sovos VAT Reporting Cloud solution is MTD-ready and ensures a seamless digital journey for all UK and international VAT filings.

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Author
Jeroen Wensveen
As Principal of Indirect Tax Solutions at Sovos, Jeroen is responsible for building out and managing the VAT line of products and solutions available on the Sovos Intelligent Compliance cloud platform. Jeroen is a tax lawyer with over 20 years of international VAT experience, beginning his career as a consultant for PwC before serving as VAT director for Rockwell Automation, a global leader in industrial automation. Jeroen also co-founded VAT Resource, a successful VAT services and technology company, that was acquired by Sovos in 2014. Jeroen holds a master’s degree in tax law from the University of Leiden, The Netherlands.

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