Making Tax Digital (MTD) means fundamental changes to the way the tax system works. HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world.
In the short term this means businesses like yours will be required to make, preserve and then submit your existing tax records digitally.
Businesses are increasingly seeing the benefits of digitisation. Millions of businesses are already banking, paying bills and interacting with their customers or suppliers online, and many are already using accounting software.