As of April 2019, businesses will need to:
This piece is mainly aimed at existing Microsoft Dynamics users. If you are not currently using Microsoft Dynamics, please be assured that the versions you will evaluate are all compliant. To find out more about the capabilities of Dynamics ERP please contact us.
For all supported versions of Microsoft Dynamics (be that AX, NAV or 365 Finance & Operations), Microsoft is committed to “enable customers to be compliant”. This means that the functionality will be available in the relevant versions; it’s down to the customer to work with their partner to test and train.
The great news is that Dynamics ERP users are already at least half way there!
If you’re on a supported version it’s not a big jump. The solutions already support electronic VAT submission and UK formats. Microsoft is working closely with HMRC to make sure the solutions are ready for the April 2019 deadline. HMRC has committed to ensuring the solution is well bedded in and proven with VAT before extending to other returns; Microsoft Dynamics is already in good shape for when this is extended to VIES and Intrastat.
UK businesses have been expecting this for some time. The delays have been HMRCs own technology and last year’s delay due to the general election. Most businesses are now eager to get on with it as one less thing to worry about!
Whether you are an existing Columbus customer or not, we can work with you to advise on the state of your current licence, version and maintenance plan, and the best route forward to achieve compliance for April 2019.
If you are considering upgrade as an option, you do need to act now. The 14 months until April 2019 is not long in regards to planning, mobilising and implementing your upgrade. For more information on MTD and Microsoft Dynamics, please contact us.