VAT 100/101 GovTalk Gateway
Acceptum Business Software by Rowanberry Consultancy Ltd has become one of the first ERP business software packages for UK SME's to be approved by HMRC for the submission of VAT 100 and VAT 101 (EC Sales List) Forms in XML format via the Governments GovTalk Gateway.
Use of the Gateway for these returns is seen as a distinct advantage for those companies/groups that submit 3 or more returns a quarter. As no more manual form filling will be required and VAT payments can be made via Direct Debit once the company/group has registered with HMRC to use this facility. The VAT forms are submitted via a few mouse clicks once verified as being correct via the normal reporting processes within Acceptum.
Note - do not confuse these XML VAT submissions; which will ease workload; with the proposed use of XBRL for Corporation Tax and Annual Accounts mentioned is another section of this website. The latter XBRL submissions; when they become mandatory; are seen by us as an unwarranted imposition of an over complex solution to a problem that can be addressed right now using simple current technologies - namely PDF files; for the submission of supporting annual accounts by the vast majority of registered companies.
Use of the Gateway for these returns is seen as a distinct advantage for those companies/groups that submit 3 or more returns a quarter. As no more manual form filling will be required and VAT payments can be made via Direct Debit once the company/group has registered with HMRC to use this facility. The VAT forms are submitted via a few mouse clicks once verified as being correct via the normal reporting processes within Acceptum.
Note - do not confuse these XML VAT submissions; which will ease workload; with the proposed use of XBRL for Corporation Tax and Annual Accounts mentioned is another section of this website. The latter XBRL submissions; when they become mandatory; are seen by us as an unwarranted imposition of an over complex solution to a problem that can be addressed right now using simple current technologies - namely PDF files; for the submission of supporting annual accounts by the vast majority of registered companies.
posted by Bob @ 2:40:00 PM
2 Comments:
At February 24, 2007 4:18 AM,
Anonymous said…
Have you considered the use of XBRL Global Ledger? See http://gl.iphix.net/HTML_ID/Customer_Invoices.htm from gl.iphix.net for the use of XBRL for VAT.
At February 24, 2007 10:04 AM,
Bob said…
The use of XBRL Global Ledger alone does not enable a user to transmit VAT 100/101 returns to HMRC.
XBRL GL is just a list of ledger entries; held in a fairly inefficient form in my view.
Any ledger; of whatever nature - database or XML; is just the start point for the formatting and transmission of XML files to the GovTalk Gateway. It is the process as a whole that is the requirement, not the method of storage, no matter how close to XML it is.
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