[Infographic] Making Light Work of Making Tax Digital

November 8, 2018 Jeroen Wensveen

 

In December 2015, Her Majesty’s Revenue & Customs (HMRC) in the UK produced its Making Tax Digital (MTD) roadmap, the pathway by which it would reach its ambition “to become one of the most digitally advanced tax administrations in the world.”

MTD becomes a reality on 1 April 2019 for all VAT registered business with a taxable turnover above the threshold of £85,000.  Businesses will need compatible software that meets the specification requirements to handle the VAT return files, demonstrate a clear electronic audit trail and connect to the HMRC systems through an Application Programming Interface (API).

The Sovos VAT Reporting Cloud solution is MTD-ready and ensures a seamless digital journey for all UK and international VAT filings.

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About the Author

Jeroen Wensveen

Jeroen Wensveen is Solution Principal at Sovos Compliance and is based in Amsterdam, the Netherlands. He has more than 20 years of international indirect tax experience and is currently responsible for the strategy of the Sovos VAT Reporting global indirect tax software application. He works closely with Sovos clients and partners to facilitate sales, software implementations and international compliance process transformations. Before joining Sovos, Jeroen was one of the founding partners of VAT Resource, a leading European VAT services organization, where he focused on building out the European VAT compliance outsourcing practice and the development of VAT software solutions. He has worked on several indirect tax automation projects for large multinational clients. Jeroen is a Tax Lawyer and has a L.L.M. in Taxation from Leiden University in the Netherlands.

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