Just had a timely reminder from the BAPC that HMRC has ambitions to become among the most advanced tax authorities in the world via the Making Tax Digital initiative. This will affect a number of businesses across a variety of taxes. For businesses above the VAT threshold, VAT is the first tax selected for digitalisation in the UK – effective from 1 April 2019 for most – so perhaps worth having a natter with your finance people to make sure they’re in the swim.
