HMRC’s vision to digitalise the UK tax system is now well underway.
The process started in April 2019 with VAT registered businesses with turnover exceeding the VAT threshold (currently £85,000) being required, from this date, to use commercial software to maintain their VAT records and send their VAT information to HMRC
MTD will be rolled out for other taxes and types of businesses shortly afterwards – so it is important to ensure your business is ready today.
