Reply to post: Re: Making Tax Farcical

Small Brit firms beg for 'light touch' as only half are ready for digital tax reforms due next month

Roland6 Silver badge

Re: Making Tax Farcical

>HMRC's guidance for MTD APIs specifically forbids this method, the 'source' data has to be referenced by the software.

Can't see this from my reading of the public documents and seeing how some of the MTB compliant bridging products work against pre-existing Excel spreadsheets.

It seems that all MTD requires is a wholly digital path between the source (eg. a spreadsheet with manually inputted data) and their systems; it does not require the creation of an audit trail and/or transaction log.

From what I can see, all that is necessary is a client to manage the OAUTH credentials and their use in MTD interactions, from the public materials it is not clear whether this client is tied to a single system or whether it can simply reside on a usb stick.

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