There are less than three years left until the government’s ‘Making Tax Digital’ initiative becomes mandatory. Whether you’re new to digital tax or you’ve already kickstarted the switch, it’s best that you start making changes early to avoid any difficulties later on.
If you’re new to the Making Tax Digital initiative, in summary, the scheme was announced in 2015 and states the UK tax system will be 100% digital by 2020. Therefore, all individuals and businesses will need to keep online tax accounts and use HMRC-compliant digital software.
If you’re unsure about what you need to do to prepare, we’re here to help. We’ve created the ‘Making Tax Digital Roadmap’ to show you exactly what you need to do, to make sure you’re fully prepared for the switchover to digital tax.