making tax digital
making tax digital is the new invention by the HMRC excepts businesses to report to them.
A business that has a turnover over the threshold is required to report through the MTD.
Business owners would need to submit their vat returns with the use of software that is MTD compliant.
The information about each transaction will be sent to the revenue when the vat returns are submitted.
This change will bring a total change to the way businesses report to the HMRC.
The video explains how this would be implemented.
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