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Reason 15 - Pegasus Opera 2 Upgrade - HMRC VAT 100 Filing Online

Posted by Richard Common on 03-Sep-2016 09:31:00
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File your VAT return online from Opera 3

HMRC has phased out paper VAT returns. Most companies have to submit their VAT returns online and pay any VAT due electronically.
Opera 3 works with the Online Filing Manager so that you can file your return online using the GovernmentGateway, the internet portal where businesses can access the online services provided by a range of Government departments. Opera 3 and the Online Filing Manager comply with HMRC requirements for filing online.

Transaction values linked to VAT codes that are marked to be included on the VAT100 return are also included on the VAT Online form, which is accessed from the VAT Processing form in the System Manager. The form displays the values for each box on the VAT100 return, calculated by Opera 3 from the sales and supply transactions posted in the application.

You can amend the calculated values if required. After a successful submission has been made to the Government Gateway, the boxes are disabled so you won’t be able to change the values. If a submission is failed by the Government Gateway, you can amend the boxes before submitting the VAT return again.
A note is displayed in the Government Gateway Response box which confirms whether the submission was successful or not.

There are lots of benefits to submitting your VAT Return online:

  • Speed: going through the online registration and enrolment process takes just a few minutes.
  • Security: all transmissions are secure because they are encrypted to the highest commercial standards and you have a unique User ID and password.
  • Convenience: the service is available all the time.
  • Accuracy: there are checks to help reduce errors so there is less chance of having your return sent back to you for correction or clarification.
  • Reliability: you get an acknowledgment from HMRC including a unique submission receipt reference number.

 Get the Full Document which contains many reasons to upgrade to Opera 3 Business Software from opera 2: 

Download the Full Reasons to Upgrade to Opera 3

 

Check out the related Blog Posts delivered as part of our Reasons to upgrade from Opera 2 series:

Reason 17 - Business Improvement Features

Reason 16 - Business Cloud

Reason 14 - Stock take

Reason 13 - Landed Costs Reporting

Reason 12 - Landed Cost

Reason 11 - Timesheets via Web Xchange

Reason 10 - Payroll Self Service Web Xchange

Reason 9 - Web Xchange

Reason 8 - Scheduler & Notification Services

Reason 7 - Salary Sacrifice

Reason 6 - Email Payslips & HMRC P60

Reason 5 - Credit Management Reports

Reason 4 - Credit Management Centre

Reason 3 - Pegasus Opera 2 Upgrade - Open Period Accounting

Reason 2 - Pegasus Opera 2 Upgrade - Error correction in the Ledgers

Reasons to upgrade from Pegasus Opera 2 - Excel Output Reports

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Topics: Pegasus, Software, Opera 2 Upgrade

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