About this resource
Making sense of ‘Making Tax Digital’
Making Tax Digital (MTD) is one of the biggest changes to affect UK businesses in many years. The government initiative will revolutionise the UK tax system and ultimately bring an end to self-assessment. This will mean that by 2020 businesses and individual tax payers can access their tax affairs online via digital tax accounts.
For businesses that currently use simple bookkeeping systems or non-cloud accountancy packages, this is a daunting prospect.
In this Guide we explain what is expected from businesses, who it is applicable to and when, but also the opportunities this offers businesses of all sizes to move their accountancy systems online.