What is making Tax Digital?
By now, most business owners will have heard of “Making Tax Digital”. This is a government scheme that is to revolutionise the way we report our taxes. Many will remember the first draft was an attempt to require sole traders, partnerships including land and property owners to report their profit figures on a quarterly basis. The last budget 2017/2018 announcement gave everyone a reprieve including the HMRC by postponing MTD until 2019.