Managing VAT returns can be a time-consuming and complex task for businesses. However, with the emergence of Making Tax Digital (MTD) requirements, it has become even more crucial to have the right tools and software in place. Uome is here to revolutionise the process, offering features designed to simplify VAT returns and ensure MTD compliance. Let’s explore how Uome can streamline your VAT reporting and take the stress out of tax obligations.

Exporting your income and expenses

Uome understands the importance of easily accessing and organising your income and expenses for VAT returns. With Uome, you have the ability to export your financial data for specific VAT return periods effortlessly. Whether you prefer reports in PDF, CSV, QuickBooks, Sage, Xero, or FreeAgent formats, Uome provides the flexibility to generate reports in the format that best suits your needs. This compatibility with popular accounting software ensures seamless integration and simplifies your financial management process.

Accurate box calculations

Uome goes beyond simple data export by taking into account both invoice and point of sale (POS) income, as well as expenses, when calculating your VAT returns. By incorporating this comprehensive information, Uome accurately computes the 9 box figures required for VAT reporting. You can trust that Uome’s calculations will provide you with a complete and accurate view of your VAT obligations, reducing the risk of errors and ensuring compliance with MTD regulations.

MTD friendly choice

Thanks to its features tailored for MTD, Uome stands out as a friendly software choice for businesses navigating VAT returns. By automating tasks and simplifying the reporting process, Uome reduces the administrative burden associated with MTD requirements. Businesses can now focus more on their core operations while enjoying the peace of mind that comes with using software that aligns with MTD.

Support for flat rate scheme

Uome recognises the diverse needs of businesses operating under the flat rate VAT scheme. To address this, Uome provides comprehensive support for generating flat rate VAT reports. This feature ensures accurate calculations specific to the criteria of the scheme, simplifying your VAT reporting. With Uome, you can rest assured that your VAT returns are precise, regardless of the VAT scheme you operate under.

Partners and accountants

Uome understands the importance of collaboration and offers functionality for partners and accountants. Through the Uome app and APIs, partners have the opportunity to build their own solutions, integrating Uome’s features into their existing systems.

Additionally, Uome allows for easy export of relevant VAT information, enabling seamless collaboration with accountants. By providing comprehensive data export capabilities, Uome simplifies the process of sharing information with your accountant, facilitating efficient VAT return preparation.

Direct submissions to HMRC

Uome doesn’t stop at simplifying the VAT return process. The next exciting step for Uome is to enable direct integration with HMRC. This development will allow businesses to submit their VAT returns to HMRC with just a few clicks, eliminating the need for manual data entry and minimising the chances of errors. With this forthcoming feature, Uome aims to further streamline the VAT reporting process, saving businesses valuable time and effort.

Supporting businesses

VAT returns and MTD compliance no longer need to be daunting tasks for businesses. Uome provides a comprehensive solution that simplifies VAT reporting, taking into account invoice and POS income, expenses, and even supporting flat rate VAT reports. With the ability to export data, collaborate with accountants, and the upcoming integration with HMRC for streamlined submissions, Uome empowers businesses to fulfil their VAT obligations efficiently. Embrace Uome as your trusted partner in VAT reporting and experience a seamless and stress-free system.