Having the right software in place at the right time is key to Making Tax Digital (MTD) success – for both accountants and clients. After all, more frequent return submission means more information to process and a more significant workload, and the right technology helps keep processes efficient, profitable and secure.
(What it means for them in real life)
In recent conversations with clients, there seems to be a high level of uncertainty relating to the impact of Making Tax Digital (MTD) on their firms. One thing that everyone is unanimous about is that tax is changing. HMRC's intention with Making Tax Digital is to allow them to be able to interact digitally with all tax payers by 2020.