SAP MTD Cockpit for the U.K.
SAP MTD Cockpit is suitable for businesses and agents.
Making Tax Digital is an essential part of the The UK government’s plans to make tax reporting easier for individuals and businesses. HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and easier for taxpayers. HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world.
As of 1 April 2019 businesses above the VAT threshold (all UK VAT registered businesses above the £85,000 sales threshold) has become mandated to keep their records digitally and to use MTD compatible software; the software will connect to HMRC’s system via its APIs. Businesses with a taxable turnover below the VAT threshold can also sign up for MTD for VAT voluntarily.
runs on SAP as an end-to-end solution
on-premise / private cloud options
data analytic capabilities
easily customizable upon customer’s needs
can be adjusted based on the customer’s design.
connects internal & external data sources