We are now less than a year away from the start of Making Tax Digital (MTD). Margaret Laidlaw, partner at Mazars, provides an overview of what MTD is and what you need to do before it’s introduced. What should I expect? The first raft of affected businesses will be those with a turnover above the The post Making Tax Digital: what do I need to do before it’s introduced? appeared first on Small Business.
Posts published in “Making Tax Digital”
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The UK has one of the lowest tax gaps in the world, with the latest available figures (covering the 2015-16 financial year) showing a gap of 6 per cent between the amount of tax due and actually collected. When these figures were first announced, HMRC was quick to herald the fact that this gap is The post Why Making Tax Digital could make a large dent in the UK’s tax gap appeared first on Small Business.