VAT periods beginning on or after 1st April 2021 must be submitted via MTD.
With their Making Tax Digital (MTD) initiative, HMRC (His Majesty’s Revenue and Customs – UK tax authorities) have set their intentions to become one of the most advanced tax authorities in the world by enhancing the customer experience whilst also closing the tax gap.
The primary aim of Making Tax Digital is to make tax administration more effective, efficient, and easier for taxpayers through the implementation of a fully digitalised tax system by 2021, whilst also reducing HMRC’s overheads for managing tax affairs.
From April 1, 2022, ALL companies that generate taxable sales in Great Britain are obliged to submit sales tax returns via a “digital link” to the tax authority HMRC. The previous sales threshold of £85,000 will no longer apply!
From a practical point of view, MTD for VAT requires businesses to keep digital records and accounts, which needs to be digitally linked – including all data transfer or exchange within and between software and applications. MTD mandates the use of functional compatible software, such as SAP ERP, to meet these requirements that must connect to the HMRC systems through APIs (Application Programming Interfaces). In order to comply with this mandatory requirement, PIKON have developed their “Integrated MTD-VAT Connector” for SAP.
The SAP Document and Reporting Compliance solution will be discontinued in BTP Neo Environment on 31 December 2025 and cannot be extended.
Companies using SAP ECC urgently need to find an alternative.
Our add-on ‘Integrated MTD-VAT Connector for SAP’ will not only continue to be usable for SAP ECC, but is also compatible with S/4HANA. This means that it is not just a short-term MTD interim solution, but also offers companies a future-proof option for migrating to S/4HANA.
Request a web-meeting with a demo and we will explain you our approach to make your SAP ERP system MTD compliant with our solution “Integrated MTD-VAT Connector for SAP”.
An easy-to-use solution for the end user, the data transfer to the HMRC works smoothly. PIKON’s employees are experienced consultants who ensure a quick and smooth installation.
Based on our positive experience in the MTD project, this was certainly not the last solution that we will realise together with PIKON.
Thomas Heim
SAP Modul Manager FI/CO/HR, HSM GmbH + Co.KG
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More InformationThe Integrated MTD-VAT Connector for SAP calculates and submits VAT returns directly from SAP ERP (either SAP ECC or SAP S/4HANA) to HMRC via a digital link to the MTD platform. Because of that, it ensures a seamless digital journey for your UK VAT fillings and runs over SAP ERP as an end-to-end solution. This solution is fully integrated in SAP without an external interface or use of external software and SAP ERP release independent. It contains user-friendly screens, owns customised tables and owns transaction codes and menus.
The SAP Integrated MTD VAT Connector meets HMRC’s legal requirements, is easy to use, quick to implement and easy to maintain.
With PIKON as your partner to make your SAP ERP system MTD-VAT-compliant, you can be assured of the following:
System Requirements
The basic price consists of the licence list price (one company code included) and a surcharge per additional company code that has to be reported.
An annual maintenance fee is charged for maintaining functionality in the event of updates on the part of both SAP and HMRC.
Please fill out the form to find out more about the pricing and/or get more information.
For more information about PIKON’s MTD solution, or if you would like to arrange a web meeting including a system-demo with our MTD team to discuss how PIKON can help you to fulfil your MTD obligations with SAP, please fill out the form:
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