Making Tax Digital (MTD) is part of the government’s initiative to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. The government introduced MTD for VAT registered businesses from April 2019. There are further changes to come in the near future.
For businesses, MTD involves keeping digital records which can be linked digitally to HMRC’s systems. To meet both of these requirements, we recommend using fully-compliant online accounting software. Please contact us for more information on MTD compliance.