From the 1st April 2019 Making Tax Digital (MTD) is a key part of the Governments plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
The primary aim of Making Tax Digital is to make the administration of tax effective and easier for taxpayers through the fully digitalised tax system by 2020, which in turn will reduce the overheads for HMRC for managing tax.
HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to the way the tax system works – transforming tax administration.
The changes will apply to a wide range of tax payers including most business, self-employed professionals and landlords.