Smaller businesses to bear the brunt of MTD burden
Posted by mostafa on 1 November, 2016
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This item was filled under Tax
Digital exclusion is a risk if the government presses ahead with its proposed mandatory digital tax compliance for businesses, according to research from the Institute of Chartered Accountants in England and Wales.
Ahead of the consultation deadline for Making Tax Digital (MTD), the institute has compared the success and failure of global attempts to digitalise tax in Digitalisation of Tax, International Perspectives.
David Lyford-Smith, ICAEW technical manager, said: ‘The largest and most persistent issue in introducing the digitalisation of tax is that of digital exclusion, which is common among …