Making Tax Digital supports HMRC’s plans to digitalise the tax system. It will:
make it easier for individuals and businesses to get their tax right
mean customers can integrate tax management with a range of business processes through software
contribute to wider productivity gains for businesses by encouraging digitalisation
It will help reduce the amount of tax lost to avoidable errors due to the:
improved accuracy of digital records
additional help built into many software products
digital records being sent directly to HMRC
Please contact FMA if you are unsure about making TAX Digital.
