Magic Tax for Keyloop in March Motor Trader Magazine

Motor Trader Magazine feature Mar 2022

The bridging software solution has been designed and developed by KFA Connect to use the Drive/Autoline extract VAT Summary file from Keyloop’s Drive and Autoline solutions and is featured in this February’s Motor Trader Magazine.

Magic Tax uses the data from the uploaded file/s to calculate the vat values and then allows the user to quickly and easily make the submission to HMRC. The solution also gives users the ability to view their filing history, obligations, liabilities, and licence information from a user-friendly dashboard.

Keyloop customers who run their business using more than one instance of the Keyloop DMS software (to file for one VAT registered company) can also utilise Magic Tax – as the solution will merge more than one .csv file extract to compile one VAT return.

Making Tax Digital for VAT – made Easy!

Screenshot of the Easy to use Magic Tax  Dashboard

The Breeze Motor Group is already making use of the solution:

“Magic Tax takes the pain away from submitting our VAT returns. The simple yet robust system allows us to consolidate different branches with the same VAT number with ease, still compliant with MTD legislation.

Magic Tax is completely flexible, allowing dealers to adjust tax groups/codes to suit their Keyloop setup.” 

Karl Brown, Finance Director – Breeze Motor Group

Keyloop users interested in finding out more about applying for a Magic Tax license and using Magic Tax to file their VAT submissions can do so using any of the links below:

Nicki Smith
Author: Nicki Smith