Q » Explain the 'Making Tax Digital' (MTD) initiative, and which taxes it currently applies to for most businesses.
24 Nov, 2025
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A » 'Making Tax Digital' (MTD) is a UK government initiative aimed at simplifying tax filing through digital solutions. It currently applies to VAT for most businesses, requiring them to maintain digital records and submit returns using compatible software. The initiative is part of a broader plan to make the UK tax system more efficient, reducing errors and administrative burdens. Compliance with MTD is mandatory for VAT-registered businesses with a taxable turnover above the VAT threshold.
24 Nov, 2025
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