The start of Making Tax Digital (or MTD for short) happened on the 1st of April 2019 and it’s the biggest shake up the UK tax system will have seen for many years.
HMRC’s main goal of MTD is to make tax administration simpler, faster and more efficient when it comes to us managing our accounting processes. It is also HMRC’s aim to become one of the most digitally-advanced tax administrations in the world, but ego aside, MTD is a good thing.