Directions EMEA 2024
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Microsoft Recognised by HMRC for Making Tax Digital
Microsoft Recognised by HMRC for MTD
Jesse Lawrence
Making Tax Digital (MTD) is the upcoming legislation that is the big topic of discussion for businesses, accountants, software suppliers, and even HMRC! If you have read any of our previous blogs about Making Tax Digital, you will know that Microsoft has been working with HMRC on how to make their software solutions compliant with the various stages of implementation of MTD. We are excited to announce that HMRC has now added Microsoft to the list of software suppliers who are in development to become compliant. Both Microsoft Dynamics NAV and Dynamics 365 Business Central have been listed as solutions in development, for which we will provide an update when information has been released.
What does this mean for existing users?
For companies using Dynamics NAV and Business Central, this is fantastic news as it confirms the ongoing security of using the products. That said, it is important for companies to be on a supported version to receive any legislative updates as part of your enhancement plan. If you are on an older version of NAV than 2015, then please contact us to discuss upgrading or retrofitting the updates.
What does this mean for companies in the process of buying?
As well as the fact that Microsoft is at the forefront of legislation and technology, the confidence in a future update is not something that you will need to wait for. If you are currently looking to purchase Business Central, there is no reason not to get started as soon as you are ready. For companies purchasing the SAAS model, you will receive the updates automatically, and cumulative updates will be available for the on-premise deployments, which are available for free as part of your enhancement plan.
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