MTD stands for ‘Making Tax Digital’, and is the biggest restructure to the UK tax system since Self-Assessment was introduced in the late 1990’s
H.M Revenue & Customs state that:
“Making Tax Digital is a key part of the Government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.”
Its aim is to make its administration system the most advanced in the world, which will ultimately enable UK taxpayers to make their submissions more efficient and with a high level of accuracy
The Government has worked closely with numerous software providers ensuring that their back office systems are compatible with their digital platform, meaning that UK taxpayers can choose a system solution which is right for your business.
WHA Connect is our dedicated MTD department, are ready and willing to support you and your business to comply with these major changes.