Your Essential Guide to Making Tax Digital (MTD)

What is MTD and Why Should You Care?

The Digital Leap: Your Essential Guide to Making Tax Digital (MTD)
What is MTD and Why Should You Care?

Making Tax Digital (MTD) is the UK government’s ambitious program to modernize the tax system, ultimately aiming to make it easier for businesses and individuals to get their tax right and keep their affairs up-to-date.

In simple terms, MTD is replacing the old annual Self-Assessment tax return with a new, digital, system that requires you to keep records and send updates to HMRC using compatible software.

What is MTD and Why Should You Care?

The Digital Leap: Your Essential Guide to Making Tax Digital (MTD)
What is MTD and Why Should You Care?

Making Tax Digital (MTD) is the UK government’s ambitious program to modernize the tax system, ultimately aiming to make it easier for businesses and individuals to get their tax right and keep their affairs up-to-date.

In simple terms, MTD is replacing the old annual Self-Assessment tax return with a new, digital, system that requires you to keep records and send updates to HMRC using compatible software.

What is MTD and Why Should You Care?

The Digital Leap: Your Essential Guide to Making Tax Digital (MTD)
What is MTD and Why Should You Care?

Making Tax Digital (MTD) is the UK government’s ambitious program to modernize the tax system, ultimately aiming to make it easier for businesses and individuals to get their tax right and keep their affairs up-to-date.

In simple terms, MTD is replacing the old annual Self-Assessment tax return with a new, digital, system that requires you to keep records and send updates to HMRC using compatible software.

What is MTD and Why Should You Care?

The Digital Leap: Your Essential Guide to Making Tax Digital (MTD)
What is MTD and Why Should You Care?

Making Tax Digital (MTD) is the UK government’s ambitious program to modernize the tax system, ultimately aiming to make it easier for businesses and individuals to get their tax right and keep their affairs up-to-date.

In simple terms, MTD is replacing the old annual Self-Assessment tax return with a new, digital, system that requires you to keep records and send updates to HMRC using compatible software.