Making Tax Digital (M.T.D)
According to HM Revenue & Customs ‘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’. Their ambition is to become one of the most digitally advanced tax administrations in the world. Whilst also, it has to be said, narrow the ‘tax gap’ believed to exist by making the capture of data digitally and using 3rd party software to avoid data capture errors and misstatem