Make Tax Digital is the HM Revenue & Customs (HMRC) invention that modernised the UK tax system. The goal is to make tax administration easier and more efficient for taxpayers. Under it comes digital record-keeping and tax submissions through HMRC-recognised software.
This e-book will explain MTD in detail, as well as its applications and compatible software and technologies.
In this guide, we will focus on:
- The objectives, evolution, and benefits of MTD
- Understanding the implications of MTD on VAT, income tax and corporation tax
- Detailed explanation on MTD compatible software and technology