As of April 2022, HMRC requires all VAT-registered sole traders to submit their VAT returns through its Making Tax Digital (MTD) for VAT system.
This means using MTD-compatible software to keep and maintain digital VAT records, and to submit that information to HMRC as part of your regular returns. Because MTD software connects directly to HMRC’s digital systems, you can file your VAT returns – and receive confirmation of receipt – entirely within your chosen platform. Easy!
So, to business: there are plenty of MTD for VAT-compatible software options out there. Why choose Hnry?
More than just records
The Hnry app automatically creates, stores, and maintains all the information needed to keep you compliant with MTD for VAT.
We’ll also automatically file your VAT return with HMRC, connecting directly with their software systems. We’re completely Making Tax Digital for VAT compatible, meaning we meet all HMRC’s requirements for a software solution.
But we don’t stop at VAT compliance. Hnry is an all-in-one tax and accounting service built specifically for sole traders. That means we handle all your financial admin from start to finish — not just your VAT returns.
Get paid faster using Hnry Invoices
You can quickly generate unlimited, professional VAT invoices using our app in just a few clicks.
Once sent, you can track whether or not your client has received, opened, or paid your invoice in the Hnry Dashboard.
Better still, we automatically chase up late-paying clients – politely of course. Users who enable this feature get paid 8 days faster on average. What’s not to love?
Never think about tax again
We calculate and set aside all VAT, income tax, National Insurance contributions, and student loan repayments (if applicable) every time you get paid.
That means that everything that lands in your personal bank account is yours to spend. Basically, we make it so that you never think about tax again.
Tax relief in real time
Every time you purchase an allowable expense, you can raise it in the Hnry app. We then calculate the tax relief you’re eligible for, and factor that into your income tax estimate. No waiting until the end of the tax year to square things up with HMRC!
We also keep all your records for five years, as required by HMRC.
We do all the paperwork, so you don’t have to
We complete and file all income tax and VAT returns, as and when they’re due. Whether that’s a Self Assessment through HMRC’s online portal, or submitting VAT records through Making Tax Digital, we’re across it all.
All you need to do is focus on the fun stuff – namely, your job. We’ll take care of all the admin.
Simple, stress-free, fully compliant
Whether you’re brand new to VAT or you’ve been submitting returns for years, Hnry makes it easy to stay compliant, avoid penalties, and stay focused on your business.
No spreadsheets. No stress. Everything sorted automatically.
If that sounds good to you, what are you waiting for? Join Hnry today.
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