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Sales Tax Software
123 Sheets reviews and summary
123 Sheets is a Value Added Tax (VAT) bridging software that facilitates the filing of HMRC VAT returns. It allows users to import data directly from Excel spreadsheets, streamlining the preparation and submission process. The software acts as a bridge between spreadsheet-based financial data and official tax filing systems, reducing manual entry and errors. This product is ideal for UK-based businesses, accountants, and bookkeepers who manage VAT returns using Excel. It is particularly suited for small to medium-sized enterprises that prefer a simple, spreadsheet-integrated approach to tax filing. This profile currently shows 4.7/5 based on 92 reviews and ratings.
Best for
This product is ideal for UK-based businesses, accountants, and bookkeepers who manage VAT returns using Excel. It is particularly suited for small to medium-sized enterprises that prefer a simple, spreadsheet-integrated approach to tax filing.
Starting price
Pricing not listed
Category
Sales Tax Software
Vendor
123 Sheets
Key takeaways
Our verdict
123 Sheets is a practical and user-friendly VAT filing tool for Excel users. Its bridging functionality effectively simplifies a tedious process, saving time and minimizing errors. It is a solid, no-fuss solution for businesses comfortable with spreadsheet-based financial management.
Quick facts
123 Sheets at a glance
Overall rating
4.7/5
Reviews
92
Starting price
Pricing not listed
Vendor
123 Sheets
Founded
2016
Location
United Kingdom
Category
Sales Tax Software
Ratings
123 Sheets ratings
Ratings in this section summarize available rating data. Software reviews are shown separately when users submit reviews.
Decision notes
123 Sheets pros and cons
Potential strengths
- Direct Excel integration means businesses already using spreadsheets for VAT records can file without switching to a new accounting system
- Simplifies a tedious regulatory process by removing manual re-keying between spreadsheet data and the HMRC filing portal
- Suitable for businesses of all sizes, from sole traders to large enterprises, making it a flexible option for different compliance needs
Points to verify
- Confirm the software supports the specific VAT schemes your business uses, such as Flat Rate or Annual Accounting
- Check whether it integrates with your existing accounting software or if you need to export data to Excel first
- Verify HMRC recognition and that the bridging software meets current Making Tax Digital requirements
Buyer fit
Who uses 123 Sheets?
This product is ideal for UK-based businesses, accountants, and bookkeepers who manage VAT returns using Excel. It is particularly suited for small to medium-sized enterprises that prefer a simple, spreadsheet-integrated approach to tax filing.
Feature research
123 Sheets features
These are common features buyers compare in Sales Tax Software. Product-specific availability should be confirmed with the vendor.
Address Verification
Confirm the validity and correct formatting of physical address data.
System Audit Logging
Maintain a chronological record of system changes including specific timestamps for accountability.
Consumer Use Tax Management
Manage and calculate consumer use tax obligations for accurate financial reporting and compliance.
Financial Liability Reduction Tracking
Pinpoint and monitor circumstances that legally decrease financial obligations.
Geographic Tax Computation
Taxes determined by geographical location.
Tax Filing
Simplify and automate the process of preparing and filing various tax forms and returns.
Taxability Verification
Verify the taxability of products and services to ensure compliance with relevant tax laws.
Transaction Tracking
Monitor and record all financial transactions for accurate accounting and auditing purposes.
Value Added Tax (VAT) Management
Manage and calculate Value Added Tax (VAT) for international transactions and compliance.
Pricing
123 Sheets pricing
Starting price
Pricing not listed
Visit Website
Pricing model: Flat Rate
Pricing can change. Confirm current plans and terms with the vendor.
Compare
123 Sheets alternatives
Compare 123 Sheets with other Sales Tax Software tools that buyers often evaluate.
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LOVAT by Lovat Compliance
LOVAT is an all-in-one solution for managing global VAT liabilities. It offers online and automated services for VAT registrations, VAT returns preparation, and submission. The pla...
Software reviews
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FAQ
123 Sheets FAQs
VAT bridging software connects your spreadsheet data to HMRC's tax filing system. 123 Sheets lets you import VAT figures from Excel, review them, and submit directly to HMRC without manually typing every number into a web form.
Yes, the software is designed as a bridging solution that complies with HMRC's Making Tax Digital requirements for VAT, allowing businesses to file from spreadsheet records.
It is designed for businesses of all sizes, including sole traders, small and medium enterprises, and larger organizations. Accountants and bookkeepers managing multiple clients also use it.
It is a cloud-based SaaS platform, so you access it through a web browser without needing to install software on your computer.
Support is available through chat and the platform includes documentation to help users get started with the filing process.
The software is built around Excel import, so you would need to export your data from other systems into a spreadsheet format before using 123 Sheets to file.
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