UK MTD with SAP: time is ticking to replace your bridging software
In our previous blog post “MTD for VAT in SAP ERP: how to implement this UK HMRC VAT rule” we mentioned that governments and financial authorities are getting caught up in the trend of Digital Transformation. We also explained how our MTD solution makes your SAP ECC or SAP S/4HANA system compliant with the Making Tax Digital (MTD) for VAT regulations before the deadline expiration on 1 April 2020. As this deadline is approaching, the so-called “soft-landing” period is expiring on 31 March 2020. This means that you will no longer be able to transmit your tax data to HMRC via MTD bridging software for VAT periods that begin on or after 1 April 2020. In practice, this means that your company in the UK will have to submit their VAT return digitally from your SAP ERP system to HMRC using a direct digital link.
How our integrated SAP solution makes you compliant with the MTD-VAT rules
At PIKON, we’ve created an Integrated MTD VAT Connector for SAP. This SAP Add-On bridges the gap between your SAP ERP system (either SAP ECC or SAP S/4HANA) and the HMRC UK tax authority through a digital link to the MTD platform. The PIKON MTD solution is integrated in SAP and is very easy to implement, stable, easy to use and can be installed in a very short period of time. Today, more than 60 companies are already using the PIKON Integrated MTD-VAT Connector SAP Add-On to fulfil their MTD VAT requirements. More than 100 VAT returns have already been submitted using our MTD add-on.
As the “soft-landing” period is coming to an end, demand for our Integrated MTD-VAT Connector SAP Add-On is increasing. If you are currently using bridging software for compliance with the MTD-VAT regulations, you can’t wait too much longer to replace it since your bridging software can’t be used anymore after the deadline has expired on 1 April 2020.
What you can do to quickly replace your MTD bridging software with an integrated SAP solution
Although the deadline is approaching, it is not too late! For more information about PIKON’s MTD solution, or if you would like to arrange a web meeting with our MTD team to discuss how PIKON can help you to fulfil your MTD obligations with SAP, please click the button below. We will get in contact with you as soon as possible.