rcx132
Philip
- Messages
- 2,705
- Location
- London, UK
The api looks simple, i don't understand what would need to be updated vat is calculated the same way as its always been vat in - vat out.
The api call does not ask for any new data.
"periodKey": "A001",
"vatDueSales": 105.50,
"vatDueAcquisitions": -100.45,
"totalVatDue": 5.05,
"vatReclaimedCurrPeriod": 105.15,
"netVatDue": 100.10,
"totalValueSalesExVAT": 300,
"totalValuePurchasesExVAT": 300,
"totalValueGoodsSuppliedExVAT": 3000,
"totalAcquisitionsExVAT": 3000,
"finalised": true
For now that's all they ask for. So I ask myself, why would they want the data sent via API if all their getting is the same data that was previously sent via the online VAT form? The only reason I can think of is that this is just step 1 in a long term plan for businesses to eventually be submitting all their detailed line by line transactions digitally.
I initially had trouble with MTD because I was using an old Sage version. I eventually took the time to switch to Xero. I'd day Xero saves me 3 hours of work a month.... no regrets and it automatically takes care of MTD.