Anyone signing up for Making Tax Digital (MTD) needs to use accounting software that (subject to needs) lets you submit VAT returns to HMRC throughout the year.
For some time Aqilla’s VAT 100 report has produced the information required to file quarterly VAT returns either on paper or online and now, in accordance with MTD requirements, Aqilla clients can automatically provide HMRC with an update of figures that are presented in this report and has officially been approved and subsequently added to the HMRC’s list of VAT compatible software.
Aqilla’s company founder and Director, Hugh Scantlebury, comments: “Gone are the days of waiting months (if not years) to see a new product release, monolithic software development approaches don’t have the agility to support a mobile, disparate workforce. The “Making Tax Digital” initiative from HMRC reflects the continually changing approach organisations have to doing business”. You can see a full list of compatible products here: https://www.gov.uk/guidance/software-for-sending-income-tax-updates#VAT
Aqilla is described as a ‘postmodern ERP’ solution in recognition of the change in approach to software development. The company is committed to providing users with a platform that grows with their needs and delivers results in an intuitive and easy to use application and continue to extend the range of API’s and plugins to ensure easy integration into CRM, Business Intelligence, Excel and other backend systems.
Aqilla set out 12 years ago to develop, in a modern Web 2.0 environment, a new breed of web based (SaaS) accounting software targeted very much at mid market (and international) organisations. There are no other up front licence fees and no other annual maintenance costs / support fees although a typical client takes a few days of implementation consultancy to support the configuration and deployment.
The system can scale from single to many users. It can be implemented based on a standard template approach or configured more rigorously to suit an individual organisation’s requirements. Get in touch for furtuer information.
Aqilla includes the full range of essential features required by todays modern finance professional.
Our users experience an Online Accounting platform that grows with their needs and delivers results in an intuitive and easy to use application. API’s and plugins ensure easy integration into CRM, Business Intelligence, Excel and other backend systems. New customers can be up and running in hours not days, save by not spending money on expensive training/consultancy and removing the ongoing expense of maintenance and management.