Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs – meaning the end of the annual tax return for millions.
HMRC has published its latest estimate of the tax gap and the methodology it used to arrive at the figures. Making Tax Digital (MTD) is a customer service initiative reframed as a revenue-raising intervention. Is the mandation of MTD from next April 2019 for traders over the VAT threshold really justified by the tax gap figures?
The Ivybridge Accountants team can help assist you with your taxes, payroll, accounts and bookkeeping needs.
Feel free to contact us to find out more:
Office Telephone: 01752 895648
Office Address: 15 Erme Court, Leonards Road, Ivybridge, PL21 0SZ