With Capium’s new MTD Income Tax (MTD IT) module, you will be able to manage both quarterly updates and the final end of year declaration. This will be all within one streamlined process saving you time and money.
1. Overview of the MTD IT Module
Capium is in the final stages of developing its dedicated MTD IT module. This new feature has already been successfully tested with multiple quarterly submissions to HMRC. The final user journey is currently being refined to make the process as simple and efficient as possible for users.
2. Submitting Quarterly Updates
Once available, the MTD IT module will allow you to:
- Submit your quarterly updates directly to HMRC.
- The MTD IT module can be used as an independent bridging solution. This will work very similar to how you submit bridging VAT in bookkeeping.
- Review and confirm submission summaries before filing.
- Use the same familiar Capium interface you already know.
3. Submitting the Final End of Year Declaration
In addition to quarterly updates, the MTD IT module will also enable you to:
- Complete and submit your final declaration to HMRC.
- Ensure that all income and adjustments for the year are included.
4. Capium 365: An Integrated Bookkeeping Tool
For users seeking a full bookkeeping and MTD solution, Capium also offers Capium 365, which includes:
- Unlimited receipt and invoice scanning
- Unlimited bank feeds
- End user app
- Automatic bank reconciliation
- End-user mobile app for easy access and uploads
Capium 365 is designed to save you time and money and will automate the bookkeeping process. With Capium 365, you’ll also receive free quarterly and end-of-year submissions, giving you a complete, integrated approach to MTD compliance.