Making Tax Digital (MTD)
Making Tax Digital (MTD) is the government’s initiative to implement a fully digital tax system in the UK, where taxpayers keep digital records and use MTD-compatible software or ‘bridges’ to make tax submissions electronically.
The tax calendar will change with a new requirement to submit quarterly income/expense updates directly to HMRC, with a final Annual Declaration sent electronically, replacing the current annual Self Assessment Tax Return.
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