Over the next three or more years the UK’s tax system is to undergo a dramatic change. HMRC’s Making Tax Digital (MTD) programme will bring digitisation to UK tax by ensuring all businesses maintain digital accounting records. As a result businesses will be required to submit quarterly digital summaries of their income and expenditure to The Treasury and, in the longer term (after 2020), it is anticipated that they will be required to make quarterly tax payments.
We can help you to pave the way for your business to the new regime and also to assist you in all aspects of the Making Tax Digital.