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Technical

How digital tax collection could affect businesses Logo cgma

  Peter Bartram |   Free |   Jan 2018 |   FM magazine

In a recent finance bill the UK Treasury is proposing that millions of small firms keep electronic accounting records and submit digital tax returns. The “Making Tax Digital” (MTG) project is likely to have a huge impact on both business operations and the collection of tax. The article looks at possible changes and the benefits including SMEs having a much better picture of their financial affairs than currently.

Topics covered:
  • Management accounting: Technical: Tax strategy, planning & compliance: Tax return preparation & review, Advanced

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