Both the Ftax VAT and the Ftax Cashbook packages enable the submission of VAT returns to HMRC in an MTD compliant manner.
The Ftax Cashbook is a low cost ‘online accounting’ solution, and as such enables the input of income and expense details. This data is then used to calculate VAT reports ready for submission to HMRC.
The Ftax VAT package allows you to use your own VAT calculations made on your own spreadsheets. A .csv file, which can be created using any spreadsheet package, enables this data to be transferred to the Ftax VAT pdf form according with the principles of MTD. From there the VAT return is submitted to HMRC.
The Ftax VAT pdf form is in reality a cut-down version of the Ftax Cashbook pdf form, with the four cashbook pages disabled (Incomes, Expenses, Customers, and Suppliers).