Making Tax Digital Compliance Made Simple
HMRC requires all VAT-registered businesses to keep digital records and submit returns through MTD-compatible software. TaxStats AI provides HMRC-connected templates that help you prepare VAT returns digitally, check them for common errors, and maintain a compliant digital trail.
AI-Powered VAT Return Checking
Before you submit, let TaxStats AI review your VAT return for inconsistencies, common errors, and potential issues. It checks for things like mismatched input/output tax, unusual movements between periods, missing reverse charge entries, and partial exemption calculation errors.
Partial Exemption & Special Schemes
Navigating VAT partial exemption methods, the flat rate scheme, cash accounting, or the tour operators' margin scheme? TaxStats AI understands all the special VAT schemes and can help you calculate the right figures, explain the rules, and generate supporting workpapers.
Xero Integration
Connect your Xero account to pull VAT data directly, reconcile against your return, and identify discrepancies. TaxStats AI bridges the gap between your accounting software and HMRC's MTD requirements.
Key Features
- ✓ HMRC Making Tax Digital compliant
- ✓ HMRC-connected VAT templates
- ✓ AI-powered return error checking
- ✓ Partial exemption calculations
- ✓ Flat rate scheme support
- ✓ Xero integration for data import
- ✓ VAT workpaper generation (XLSX, PDF)
- ✓ Period-on-period comparison analysis
- ✓ EC Sales List and reverse charge guidance
- ✓ Audit trail for digital record keeping