Making Tax Digital
Tax Software for the Construction Industry
Make your tax process more effective, efficient, and simple - without mistakes.
MTD (Making Tax Digital) is required for all VAT-registered businesses to file their tax returns to HMRC digitally
Tax Software for the Construction Industry
Make your tax process more effective, efficient, and simple - without mistakes.
MTD (Making Tax Digital) is required for all VAT-registered businesses to file their tax returns to HMRC digitally
Tax Software for the Construction Industry
Make your tax process more effective, efficient, and simple - without mistakes
UK VAT-registered businesses must use MTD-compatible software to file tax returns and sign up for MTD. This simplifies the tax system and reduces errors, which cost the government £9 billion annually. MTD begins with VAT and requires quarterly or monthly tax returns and digital record-keeping. Follow these steps to comply:
- Choose the right MTD-compatible software for your business
- Check that the permissions allow the software to work with HMRC
- Maintain digital records for your VAT returns
- Sign up for MTD
- File your VAT returns using MTD-compatible software.
There’s a wealth of additional information available at GOV.UK, including how to apply for exemptions and software discounts.
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Why UK Construction Firms Need Specialist Tax Software
UK VAT-registered businesses must use Making Tax Digital (MTD) compatible software to file tax returns and sign up for MTD. This simplifies the tax system and reduces errors, which cost the government £9 billion annually. MTD begins with VAT and requires quarterly or monthly tax returns and digital record-keeping.
Since April 2022, all VAT-registered companies will need to follow these steps to comply:
- Choose the right MTD-compatible software for your business
- Check that the permissions allow the software to work with HMRC
- Maintain digital records for your VAT returns
- Sign up for MTD
- File your VAT returns using MTD-compatible software.
- Stayed informed on updates from HMRC regarding MTD requirements and software compliance to ensure ongoing adherence.
There’s a wealth of additional information available at GOV.UK, including how to apply for exemptions and software discounts.
RedSky’s Making Tax Digital Compatible Software
RedSky’s ERP can submit VAT returns directly to HMRC to help you comply with MTD and CIS (Construction Industry Scheme) regulations. Our award-winning construction ERP solution is fully compatible with MTD. Our customers now use it routinely to record their MTD information securely in the correct digital format – and to complete and submit their VAT returns easily, quickly and accurately.
We have been through HMRC’s recognition process for allowing businesses to submit VAT returns directly to HMRC, without going through the HMRC website. We know MTD and its requirements because we have been involved since its inception – we are an active member of the British Application Software Developers Association (BASDA) working group, which contributed significantly to the government’s MTD consultation.
Using RedSky allows you to submit tax returns directly to HMRC, saving time and minimising errors, as you only need to review and input one set of data.
Construction ERP Software from RedSky
Our construction ERP software not only assists with maintaining compliance with HMRC and other regulatory bodies but provides you with a comprehensive modular ERP system that works for you. Whether you want to digitise processes or streamline your operations while remaining compliant, RedSky can help.
Business Analytics
Our Business Analytics module gives you total control when it comes to decision-making. Your business’ data is centrally stored and displayed ready for use.
Construction Financials
Experience our award-winning Construction Financial module. Your business will simplify financial reporting whilst streamlining finance management.
Cost Value Reconciliation
Streamline and consolidate your business’ approach to CVR with our module. You’ll benefit from securely stored data that is centralised, meaning vital information is available to the right people.
GRN Register
Simplify your goods received notes and take control of your accounts payable process. Our GRN Register module enables you to keep track of all invoice statuses in one place.
Invoice Register
When you employ our Invoice Register module, you’ll drive efficiencies within your Finance team. Our module enables you to significantly reduce business overheads and streamline invoice processes.
Payroll & HR
Payroll compliance has never been easier, thanks to our Payroll and HR module. Experience convenience when handling employee payments, pricing their contracted time and calculating their take-home pay.
Why choose RedSky software
Award-Winning
We’ve won many awards for our ERP software, recently achieving Build in Digital Top 30 ConTech Partner.
50
Almost 50 years in business
Since 1975, we’ve been supporting construction companies across the globe with our award-winning software.
Construction Software
Our software completely changes the game for our clients because we address industry-specific challenges and make processes simpler.
CASE STUDY
Rise Contracts Ltd Migrates to RedSky’s ERP for Efficient Construction Accounting
CASE STUDY
Rise Contracts Ltd Migrates to RedSky’s ERP for Efficient Construction Accounting
Customer Testimonials
When you partner with RedSky, you’ll receive an excellent customer experience that is second to none. See what our customers have to say about it.
Judith Ruthven, Company Secretary
Buxted Construction Ltd
"The addition of RedSky Invoice Register has been excellent. Automation has saved time and reduced errors in inputting."
Gary Jones
Walters Group
"From a QS perspective, the new system has been a game-changer because they now have full visibility of – and responsibility for – costs on a daily basis."
Kevin Hardy, Finance Director
Baxall Construction Ltd
"Having used [a generic accounting system] previously, a big advantage is RedSky integration – Payroll, subcontractors and CIS work seamlessly."
Christine Hatherly, Accounts Manager
Baxall Construction Ltd
"We use RedSky’s Purchase Ledger, Subcontracts and CIS. Everything’s automated, so all my CIS statements go out every month, and my CIS return to HMRC is simple."
Ian Saville, Financial Director
John F Hunt
"Business Analytics was a game-changer for us."
Matthew Williams
Barnwood Group Limited
"Setting up and rolling out encrypted email payslips and P60s on RedSky was very straightforward. We now email encrypted payslips to 70% of the workforce. It’s saving the Group thousands of pounds a year in printing, postage and staff time."
Mike Lomas
Managing Director at Big Red Industries Group
"A great investment to the future of Big Red Industries Group! This is going to enable us to operate more efficiently and reduce the variation in construction! A positive move for the future!"
David Strickland
Walls Construction
"The new system has got rid of the frustrations and bottlenecks associated with paper in a process that involves multiple approvals. It has streamlined the whole process. It’s certainly saving us a lot of time and hassle and is 100 times better than the way we used to do things."
Gary Jones
Walters Group
"From a QS perspective, the new system has been a game-changer because they now have full visibility of – and responsibility for – costs on a daily basis"
Stephen McNulty, Operational Director
Walls Construction
"We use workflows and approvals in the company’s core RedSky ERP system. They have revolutionised how we do business by creating clear paths for information, authorisations, and approvals."
Maintain compliance and boost efficiencies with RedSky
With nearly 50 years of experience as a construction software provider, RedSky will help find the right software solution for you.
Don’t delay - streamline your construction operations today.
With nearly 50 years’ experience as construction management software providers, RedSky will help find the right software solution for you. Get in touch today.
