Lumos Finance is not available yet. It's in development and coming soon. Join the waiting list to hear first.
Lumos Finance/VAT and Making Tax Digital
Coming soon · not available yet

VAT returns, worked out from the books.

Lumos Finance works out every VAT figure from the transactions, with digital links all the way from the bank line to the return, and shows which Making Tax Digital rules apply.

Join the waiting listLumos Finance overview

Lumos Finance is in development and not available yet.

VAT return · 1 Jul to 30 Sep 2026Worked out
1VAT due on sales2,840.12
2VAT due on EU acquisitions0.00
3Total VAT due2,840.12
4VAT reclaimed on purchases1,516.60
5Net VAT to pay1,323.52
6Total sales, excluding VAT14,200
7Total purchases, excluding VAT7,583
8Supplies to EU0
9Acquisitions from EU0
Example figures
Illustration of a VAT return with example figures.
9 boxes
worked out from the books
Digital links
from bank line to return
£50,000
MTD for Income Tax threshold from April 2026

Making Tax Digital

Know what applies and what's due.

  • ✓MTD for VAT and Income Tax shown for each business, with the reason.
  • ✓Every obligation listed with its due date and status.
  • ✓Income Tax quarterly updates and a Self Assessment estimate.
  • ✓Category mapping so the figures go in the right boxes.
Who has to use MTD for Income Tax

Sole traders and landlords whose qualifying income is over £50,000 from 6 April 2026, over £30,000 from 6 April 2027 and over £20,000 from 6 April 2028.

What changes

The old way, and the Lumos way

The usual way

  • VAT worked out in a spreadsheet
  • Unsure which MTD rules apply
  • Deadlines kept in your head

With Lumos Finance

  • Every figure worked out from the transactions
  • MTD for VAT and Income Tax shown for each business
  • Every obligation listed with its due date
Sending returns to HMRC

Lumos Finance keeps digital records and works out every figure HMRC asks for. Lumos is not yet recognised by HMRC to send returns itself, so you submit the figures through HMRC-recognised bridging or filing software, then mark them as submitted in Lumos. Each figure can be downloaded in HMRC's format.

Also in Lumos Finance

Everything from the first receipt to signed accounts

Bookkeeping and bankReconcile, code, capture and invoiceYear-end accountsTrial balance to statutory accountsAnalytics and insightsHealth score, trends and forecastsCharitiesFunds, trustees and examinersFor accountantsEvery client's books in one view

Be first to try Lumos Finance.

Not available yet. Join the waiting list and we'll tell you as soon as it opens, with an early-access offer.

Join the waiting list