Making Tax Digital

  • Making Tax Digital (MTD) is a government initiative to make it easier for businesses to get their tax right. As part of MTD, HMRC requires all VAT-registered businesses to keep records digitally and file their VAT Returns using software to help avoid errors.

  • Yes, if you are a Cashplus Business Extra Customer or Cashplus Business Credit Card Customer!  

    Business Extra and Business Credit customers can file your VAT Return using Cashplus’ Making Tax Digital tool in Online Banking

    This feature is not currently available in the Cashplus Bank App.

  • Currently the Cashplus VAT Returns tool is only available to Business Extra or Business Credit customers but we have plans to roll out to more of our business products in the near future.

  • Our VAT Return tool is free for Business Extra customers and Business Credit Customers.

  • Information on how to get VAT registered is available on the GOV.UK website

  • As part of your VAT Return submission, we extract the nine-box VAT Return figures from your spreadsheet and send those to HMRC with your approval. HMRC do not receive your spreadsheet.

  • As a responsible bank, your security is our number one priority. To help guard your data, we have strict systems and processes in place.  For information on how we manage your personal information and data, please refer to our privacy policy.

  • If you’re filing your VAT return through Cashplus Online Banking, we will ask you to sign in to your Government Gateway account and grant authority to Cashplus to interact with HMRC on your behalf. This will allow Cashplus to submit your VAT Return to HMRC at your request.

  • Our Cashplus VAT Return tool works with any version of Microsoft Excel that supports XLXS documents.

    You can use Numbers or Google Sheets to fill in your VAT Return spreadsheet but you need to make sure you save the file as an XLSX Excel document. You can choose the format when you go to save or export in non-Excel platforms.

  • No, we’ll already have your business details (business name and VAT number) when you grant Cashplus access to your HMRC account.

    Check out this step-by-step guide on filing your VAT Return through Cashplus Online Banking.

  • This tool is ideal for business owners who need to submit their VAT returns, particularly those who don't use accounting software or an accountant to help file their VAT returns. You need to be a Business Extra or Business Credit Card customer to use the Cashplus VAT Returns tool - it's available in Online Banking at no extra cost.

    Businesses with a VAT turnover above £85,000 need to submit returns digitally via software. This is a requirement of the UK Government's Making Tax Digital scheme to help businesses get their tax right. All VAT registered businesses are required to follow Making Tax Digital for VAT rules (unless exempt).

  • If you have your VAT number, Government Gateway Login and your sales and purchases data spreadsheet ready, filing your VAT Return through Cashplus Online Banking should take around 10 minutes.

  • No, you cannot update your VAT return once it’s been submitted. If you need to correct your VAT return, please contact HMRC directly.

  • If you’re a Business Extra or Business Credit Card customer and you’re having issues with the VAT Returns tool in Online Banking, please contact our Customer Services team

    If the VAT Returns tool is working but you’re not sure how to use it, please refer to our step by step guide.

  • Cashplus has integrations with a range of bookkeeping and accounting software, including Quickbooks, Xero, FreeAgent and more. You can connect your Cashplus account through your accounting software provider. 

Terms and Conditions apply, including applicants being resident in the UK & aged 18+ and, if relevant, businesses being based in the UK.

For full website terms including information on Cashplus Bank, Mastercard and use of Trademarks, please see our full legal disclosures at https://www.cashplus.com/legal/.

Advanced Payment Solutions Limited (APS), trading as Cashplus Bank, is registered in England and Wales at Cottons Centre, Cottons Lane, London SE1 2QG (No.04947027). APS is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Firm Reference Number 671140.

APS provides credit facilities subject to approval and affordability, and where accounts continue to meet APS credit criteria.

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