The essential journalist news source
Back
28.
March
2019.
Global professional services network RSM invests in new VAT filing software

New VAT Filing software for RSM 

Leading audit, tax and consulting firmRSM has acquired BTCSoftware's Making Tax Digital (MTD) software solution BTCHub, enabling the firm to support clients with the requirements of Making Tax Digital for VAT which becomes operational on 1 April 2019.

MTD is HMRC's plan to bring the UK's tax system into the 21st century. With only a few exemptions, VAT-registered businesses trading over the VAT threshold of £85,000 will be required to keep records in a digital format, ensure that applications and spreadsheets used to compile VAT returns are digitally linked, and submit their VAT return information to HMRC using MTD compatible software.

RSM's staff across the UK will be using the BTCHub application, ensuring that the firm continues to provide exceptional client service.

RSM chose BTCSoftware following a comprehensive supplier selection process. 

Elfed Jarvis, Partner, RSM: "We are very pleased in the way BTCSoftware and RSM have worked closely together to provide RSM staff with the solution they need to file clients' VAT returns in accordance with the Making Tax Digital for VAT filing requirements.

Rob Ellis, BTCSoftwareCEO, adds: "BTCHub delivers to RSM the powerful platform they deserve. Our implementation is all about Making Tax Digital for VAT initially and MTD for Business for the future. The teams from both companies have worked impressively together and delivered against an aggressive timescale. We are incredibly proud of our achievements so far,andwe look forward to a successfulongoingrelationship with RSM."


Ends

Notes for editors:

About RSM

RSMis a leading audit, tax and consulting firm to the middle market with nearly 3,800 partners and staff operating from 35 locations throughout the UK. For the year ending 31 March 2018, RSM generated revenues of £314m. RSM UK is a member firm of RSM International - the sixth largest network of audit, tax and consulting firms globally. The network spans 116 countries, 750 offices and more than 41,000 people, with a fee income of $5.4bn.

About BTCSoftware

Founded in 1999 and headquartered in Surrey, BTCSoftware Ltd isa leading accounting and tax compliant software specialist. BTCSoftware's customers are accountants in practice and business and businesses within the UK who wishto take care of their accounts personally.

BTCSoftware are known for their professionalism, industry expertise and fantastic support. BTCSoftware's mission is to develop feature-rich, affordable software that simplifies the lives of accounting professionals and makes their practices more productive and profitable.

###