We are on standard accounting, but majority of our sales are cash sales via telephone, mail or online orders for services provided.
As we are not qualified for retail scheme.
With MTD for VAT, if we type our sales records generated into an compatible accounting software, are they deemed sufficient as digital records for VAT purpose? Do we have to record each single transactions in the accounting software, or can just enter the total for the day ? (there might be hundreds of small value items)?