Making Tax Digital

• What is ‘Making Tax Digital’?

  Making Tax Digital (MTD) is a government initiative to make it easier for businesses to get their tax right. As part of MTD, HMRC requires all VAT-registered businesses to keep records digitally and file their VAT Returns using software to help avoid errors.

• Can I file my VAT Return through Cashplus?

  Yes! Business Account and Business Credit customers can file their VAT Return using Cashplus’ Making Tax Digital tool in Online Banking at no extra fee.

• How do I file my VAT Return through Cashplus?

  Check out this step-by-step guide on filing your VAT return through Cashplus Online Banking.

• How much does it cost to file my VAT Return through Cashplus?

  Our VAT Returns tool is free for Business Account customers and Business Credit Customers.

• How do I get VAT registered?

  Information on how to get VAT registered is available on the GOV.UK website. 

• What data do you send to HMRC?

  As part of your VAT Return submission, we extract the nine-box VAT Return figures from your spreadsheet and send those to HMRC with your approval. HMRC do not receive your spreadsheet.

• What happens to my data once my VAT Return is submitted?

  As a responsible bank, your security is our number one priority. To help guard your data, we have strict systems and processes in place.  For information on how we manage your personal information and data, please refer to our privacy policy.

• How do I give Cashplus access to my HMRC account?

  If you’re filing your VAT return through Cashplus Online Banking, we will ask you to sign in to your Government Gateway account and grant authority to Cashplus to interact with HMRC on your behalf. This will allow Cashplus to submit your VAT Return to HMRC at your request.

• What software programmes/versions work with the Cashplus VAT Returns tool?

  Our Cashplus VAT Return tool works with any version of Microsoft Excel that supports XLXS documents.

  You can use Numbers or Google Sheets to fill in your VAT Return spreadsheet but you need to make sure you save the file as an XLSX Excel document. You can choose the format when you go to save or export in non-Excel platforms.

• Am I supposed to put my business details in the spreadsheet?

  No, we’ll already have your business details (business name and VAT number) when you grant Cashplus access to your HMRC account.

  Check out this step-by-step guide on filing your VAT Return through Cashplus Online Banking.

• Who can use the Cashplus VAT Returns tool?

  This tool is ideal for business owners who need to submit their VAT returns, particularly those who don't use accounting software or an accountant to help file their VAT returns. You need to have a Business Account or Business Credit Card to use the Cashplus VAT Returns tool - it's available in Online Banking at no extra cost.
  
  Businesses with a VAT turnover above £85,000 need to submit returns digitally via software. This is a requirement of the UK Government's Making Tax Digital scheme to help businesses get their tax right. All VAT registered businesses are required to follow Making Tax Digital for VAT rules (unless exempt).

• How long does it take to submit a VAT return using the Cashplus VAT Returns tool?

  If you have your VAT number, Government Gateway Login and your sales and purchases data spreadsheet ready, filing your VAT Return through Cashplus Online Banking should take around 10 minutes.

• Can I make any updates to my VAT return once it’s been submitted?

  No, you cannot update your VAT return once it’s been submitted. If you need to correct your VAT return, please contact HMRC directly.

• I have Business Account or Business Credit Card and my VAT Returns tool is not working in Online Banking – what should I do?

  If you have a Business Account or Business Credit Card and you’re having issues with the VAT Returns tool in Online Banking, please contact our Customer Services team. 
  
  If the VAT Returns tool is working but you’re not sure how to use it, please refer to our step by step guide.

• Do you work with other bookkeeping software?

  Cashplus has integrations with a range of bookkeeping and accounting software, including Quickbooks, Xero, FreeAgent and more. You can connect your Cashplus account through your accounting software provider.