Making tax digital “MTD” is HMRC’s initiative to digitalise the UK tax system, including how businesses and landlords maintain their records. MTD requires businesses and landlords to move to maintaining their accounting records too accounts software or an app.
As a small business owner I was really disappointed in this budget. As part of the Conservatives general election campaign David Cameron referred to small businesses as the economy’s “magic ingredient”. The budget that was delivered on 8th March 2017 clearly did not support this.