Since its first announcement, there have been groups calling for the delay of Making Tax Digital and a recent report from the British Chamber of Commerce states 24% of businesses have still never heard of MTD.
When Making Tax Digital (MTD) was first announced it was dubbed “the death of the tax return”, sounds great doesn’t it! But from April 2019 businesses will need to be ready to deal with the biggest change to taxation in a generation.
So, the Conservative party have issued their first budget for 20 years and it was packed with changes. Like most budgets, each piece of legislation is good for some bad for others but now we’ve had some time to think it over, here are our highlights.