HMRC is encouraging businesses to lessen time spent on paperwork and join its digital revolution by testing the new Making Tax Digital (MTD) service for submitting VAT returns.

Time to be productive

HMRC is urging businesses to get involved early by getting MTD-compliant software and testing the new MTD service.

“Anything that helps businesses to manage their tax more easily so they can focus on what they do best – innovating, expanding, and creating jobs and profits – is what every modern business needs,” said Mel Stride, Financial Secretary to the Treasury.

“In a world where customers and suppliers are already banking, paying bills and shopping online, it makes sense for HMRC and businesses to bring tax affairs fully into the 21st century. Going digital with business records and taxes is the next step to businesses getting more control over their business and their finances.”