Making Tax Digital for the Construction Industry - RedSky

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:

  1. Choose the right MTD-compatible software for your business
  2. Check that the permissions allow the software to work with HMRC
  3. Maintain digital records for your VAT returns
  4. Sign up for MTD
  5. 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.

We are trusted by over 1000+ customers

MTD

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:

  1. Choose the right MTD-compatible software for your business
  2. Check that the permissions allow the software to work with HMRC
  3. Maintain digital records for your VAT returns
  4. Sign up for MTD
  5. 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.

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) regulation. 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.

By using RedSky, you’ll be able to submit tax returns directly to HMRC, saving you time and reducing the risk of errors, as you only have to review and input one set of data.

bookkeeping-tax digital (1) (002)

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.

Read more…

Construction Financials

Experience our award-winning Construction Financial module. Your business will simplify financial reporting whilst streamlining finance management.

Read more…

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.

Read more…

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.

Read more…

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.

Read more…

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.

Read more…

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

The Barnwood Group: Payroll & Accounting Software

The Barnwood Group Case Study The Barnwood Group Limited wanted a payroll and cost report solution. RedSky’s construction payroll and accounting software allowed the company to make real-time updates to accounts and issue encrypted payslips to their team, which enabled ...
Read More...
Case Study - The Barnwood Group Section- 671154184
CASE STUDY

The Barnwood Group: Payroll & Accounting Software

The Barnwood Group Case Study The Barnwood Group Limited wanted a payroll and cost report solution. RedSky’s construction payroll and accounting software allowed the company to make real-time updates to accounts and issue encrypted payslips to their team, which enabled ...
Read More...

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.

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.

Contact Us - MTD - 141837898