Can your Legal Accounts Software Make Tax Digital?

Next Spring, something massive is coming that is going to lead to huge changes for millions of businesses in the UK. No, not Brexit, we’re talking about Making Tax Digital.

Making Tax Digital (MTD) is a government initiative announced over three years ago in the March 2015 budget to transform the tax system and make it easier for everyone to maintain records and to get their tax correct.

Under MTD, legal businesses will need to keep records digitally and make a quarterly return of data to HMRC, with a final adjusting return when figures are final.
 

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