HMRC’s Making Tax Digital

May 16, 2023 ⚊ 1 Min read ⚊ Views 67 ⚊ BLOG

HMRC’s Making Tax Digital (MTD) is a digital initiative to simplify tax reporting for businesses. It requires eligible individuals and entities to keep digital records and submit VAT returns using MTD-compatible software. Compliance with MTD is essential to meet HMRC’s requirements and avoid penalties. Stay updated with MTD guidelines to ensure smooth tax filing.

Read details: https://doshiaccountants.co.uk/post/how-mtd-itsa-is-revolutionising-landlord-tax-reporting

Tags: Tax Services

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