NexSys MTD provides a complete UK VAT reporting solution for SYSPRO making you compliant HMRC compliant. Confidently submit your SYSPRO VAT return through the NexSys MTD solution and be auditor ready as our solution:
- Meets HMRC’s requirement to keep records in digital form
- you can now capture transactions generally recorded outside of the ERP (such as cycle-to-work schemes) directly within SYSPRO
- Meets HMRC’s requirements to file VAT returns using software
- Once reviewed, you can easily push transactions from SYSPRO to NexSys MTD. This solution is recognised by HMRC for UK Making Tax Digital and is listed on the HMRC’s list of software products that support Making Tax Digital.
- Is configurable and will cater for your SYSPRO setup
- Can be tailored to flex as your business grows
Please contact us if you need to get SYSPRO ready for Making-Tax-Digital.
What is Making Tax Digital?
HMRC introduced Making Tax Digital for VAT as a drive to digitalise UK tax. Making Tax Digital is a key part of HMRC’s transformation of the tax system to make it easier for taxpayers to get their tax right first time; help reduce scope for error and enhance customer experience.
Read more about HMRC’s Making Tax Digital here.
Does it Affect Me?
From 2022, all VAT registered businesses must keep their VAT records digitally and use Making Tax Digital (MTD) compatible software to submit their VAT Returns.
What does It Mean?
From 2022 all UK VAT registered businesses must have a digital record keeping system in use for producing tax records. SYSPRO customers are already compliant by using the SYSPRO ERP solution to track daily business operations. The NexSys MTD solution is HMRC compatible software that provides the final chain in the digital link allowing SYSPRO companies to file VAT via the HMRC MTD API.
Will this support my version of SYSPRO?
The NexSys MTD supports the following SYSPRO versions:
• SYSPRO 8.0
• SYSPRO 7.0 Update 001
• SYSPRO 7.0
• SYSPRO 6.1 SP1
• SYSPRO 6.0 SP2 Issue 10
• SYSPRO 6.0 Issue 9
• SYSPRO 6.0 Issue 8
• SYSPRO 6.0 Issue 7
If you don’t see your current version of SYSPRO, please contact us
Are there any prerequisites?
There a number of prerequisites required to enable the NexSys MTD solution to provide the necessary detail as requested by HMRC, these are listed below:
• SQL version of SYSPRO
• SYSPRO Sales Analysis
• SYSPRO Cashbook