In the 2015 Budget, the Government set out proposals1 for digitising the tax system. This was followed in December 2015 by the Making Tax Digital roadmap2 which set out plans to make fundamental changes to the tax system, providing taxpayers with 'a single, personalised view of their overall tax position across all of their tax liabilities', involving businesses submitting information online to HMRC on a quarterly basis. A series of consultations on the implications for payment and reporting was undertaken3, and a summary of responses to those consultations was published at the end of January 20174.
HMRC has stated that the aim of digital transformation is to create a simpler, more efficient tax system that frees business people from red tape and form-filling. Free software would be available for businesses with the most straightforward affairs5.
It was announced on 13 July 2017 that the timetable for MTD would be changed from that previously announced (at Spring Budget 2017). Under the revised timetable, only businesses with a turnover above the VAT
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