Making Tax Digital

Making Tax Digital is set to modernise the tax system in the UK with the aim of being one of the most digitally advanced tax administrators in the world. Other areas of the tax system such as Income and Corporation Tax are not affected as yet but the Government seem keen to make all businesses digital for all taxes. The Government believes that by making businesses digital, it will reduce the “tax gap” and make it easier for businesses to get their taxes right first time.

 

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