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Are my records MTD-ready?

Yes. Your records are fully Making Tax Digital (MTD) ready.

WBudget maintains structured digital records that align with HMRC’s Making Tax Digital requirements for VAT. All invoice data is stored digitally from creation through to final status, ensuring that your records remain complete, consistent and compliant without relying on manual spreadsheets or offline processes.

A core requirement of MTD is the use of digital links between systems and records. WBudget supports this by providing digital-link exports that can be submitted via compatible accounting or VAT submission software. This removes the need for manual re-keying of figures, significantly reducing the risk of transcription errors and ensuring that data flows digitally from invoice creation to VAT reporting.

In addition to standard exports, WBudget supports system integrations via webhooks. This allows invoice data and status changes to be securely transmitted in real time to external systems, such as accounting platforms, reporting tools or internal financial workflows. By using webhook-based integrations, businesses can maintain continuous digital links without manual intervention, further supporting MTD compliance and operational efficiency.

Record integrity is another critical aspect of MTD compliance. WBudget applies an immutable history to invoices and financial records, meaning that once an invoice is issued, its historical data cannot be altered without traceability. Any changes are recorded as part of a clear audit trail, supporting transparency and making it easier to demonstrate compliance in the event of an HMRC review or enquiry.

In line with HMRC guidance, WBudget also aligns with data retention requirements. Digital records can be retained for up to six years, ensuring that invoices, totals and supporting information remain accessible for audits, accountant reviews or long-term financial reference without reliance on external archiving tools.

From a practical perspective, this approach benefits both businesses and their advisers. Accountants gain access to consistent, well-structured data, while businesses benefit from automated exports and integrations that reduce administrative effort and compliance risk.

In summary, WBudget supports MTD compliance by:

  • Storing all invoice and VAT data as structured digital records
  • Providing digital-link exports for submission via compatible software
  • Enabling webhook-based integrations to maintain continuous digital links
  • Maintaining an immutable audit history for issued invoices
  • Supporting HMRC-aligned retention periods of up to six years

This ensures your invoicing records remain accurate, connected and compliant, helping you meet Making Tax Digital requirements with confidence and minimal manual effort.