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Tax Automation: Hopes, fears and aspirations

It’s never been more exciting to be in the tax sector. Transformation is happening on all fronts, from the digitalisation of taxes to the changing role of the tax professional and the relationship between client and advisor.

Under MTD, we can expect to see sweeping changes so how will it impact the business and the tax team and will it usher in a new era of automation? In a survey of the market, conducted in conjunction with Accountancy Age in April 2019, we sought to determine current views on MTD and automation within the accounting sector.

The results provide a fascinating glimpse into how professionals are embracing the new legislation, their concerns, and their hopes for the future.

Tax Systems is a leading specialist in corporation tax technology & services in the UK & Ireland. As of 24th May 2018, MXC Capital Ltd (LON:MXCP) holds a 4% share.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.