Making Tax Digital (MTD) Flashcards
9.1 The Principles of Finance (2 cards)
1
Q
What is MTD?
A
Making Tax Digital
The UK Government’s plan to have a digitised tax system for VAT, income tax, self-assesment and corporation tax.
2
Q
What is the aim of MTD?
A
to make tax returns simpler ad more efficient, using software and digital accounting records. At the time of writing, the system is still due to be implemented.
