In the latest episode of Inside Accountancy, Andy Dancer, CTO of Tax Systems, talks to Accountancy Age reporter, Tom Lemmon about what to expect as Making Tax Digital (MTD) moves into its next phase.
MTD for VAT is surely just the first step in the digitalisation of the UK tax regime as demands for increased tax transparency increase. From next year digital links will be mandatory, requiring data collection to be automated and following the successful implementation of MTD for VAT, MTD for income tax and MTD for corporation tax are set to follow.
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.