Making Tax Digital - Are you ready?
You may have heard in the news about the Government’s plans to phase in its Making Tax Digital (MTD) system. According to HM Revenue
& Customs (HMRC), approximately £4bn per year is lost in simple VAT mistakes alone and it hopes that the introduction of MTD will assist
in reducing the errors made and thereby reduce the tax lost. Over the coming years, it is anticipated that all the main taxes will move
towards a fully digital tax system in what will represent one of the most fundamental changes to the tax system for decades.
