The government’s plans for Making Tax Digital for Business (MTDfB) have dramatically shifted course and businesses will have more time to prepare for the changes.
Making Tax Digital – are we nearly there yet?
The government has introduced a new term: Making Tax Digital for Business, along with yet another acronym. MTDfB has different start dates for different types of business with unincorporated businesses being the first to see significant changes in how they record and submit their transactions.