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Packaged JDE Solution for UK Making Tax Digital

Redfaire Making Tax Digital (MTD) Solution for JD Edwards

Redfaire has developed a packaged solution for JD Edwards customers to enable them to be compliant with the UK Making Tax Digital Legislation. The Redfaire Solution allows JD Edwards users to align their VAT transactions with the HMRC report groupings/boxes and will facilitate easy cut and paste population of a spreadsheet which has an API link to the HMRC. The solution is available for both current and older releases of JD Edwards EnterpriseOne.

In line with the legislation, there will be a phase 1 & phase 2 solution

  • Phase 1: Two-step process (ERP to Cut / Paste to Excel to HMRC) will be allowed for 1 year. 
    VAT Notice 700/22 confirmed that businesses will have a ‘soft landing period’ of 12 months (1-Apr-2019 to 31-Mar-2020) in order to implement the mandatory digital links. The MTD regulation allows for the use of ‘API enabled spreadsheet’ or ‘bridging software’ to transmit the VAT Return to HMRC during this period.
  • Phase 2: One step process (ERP to Excel to HMRC) which means that the cut and paste to excel step/bridging software will no longer be allowed and the data must come directly from your ERP

Fixed Price Package for EnterpriseOne Making Tax Digital 

For Phase 1 Redfaire offers a JD Edwards extract that will be compatible with the Phase 1 two-step approach of ERP Copy /Paste to Excel to HMRC.  Redfaire will produce a UBE that extracts the VAT information and summarises it into the required values / “boxes” for the HMRC submission. The UBE output will be formatted to align with the Excel to HMRC upload solutions available on the market
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Redfaire is offering this UBE to our customers on JD Edwards EnterpriseOne version 9.2 for a fee of £2,000 which includes the UBE and 2.5 days of consulting - 2 functional (Test x1 / PDx1) and ½ day CNC. For customers on older versions of JD Edwards EnterpriseOne the same initial pricing will apply but additional consulting may be required.

Please note: The pricing excludes any additional set up or modifications that may be needed due to customer enhancements or incompatibility issues on old version on JD Edwards EnterpriseOne. It also excludes VAT and expenses if on-site consulting is preferred.


 

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