GUIDE SERIES | MAKING TAX DIGITAL: THE IMPACT

Making Tax Digital (MTD) is the government’s initiative for a fully online tax system by 2020. This ‘new and improved’ tax system will end the tax return as we know it and will require the majority of business owners to maintain digital records using compatible software.

Thomson Reuters tax expert and author, Mark Purdue, shares valuable insight from his interviews with nine leading practitioners in firms of all sizes around the topic of how digital tax accounts will affect accountants’ clients.

This guide covers:

  • Quarterly reporting
  • Smaller businesses
  • The financial administration burden
  • Digital exclusion
  • The role of agents
  • Services and systems