International Journal of Accounting Research

Department of Accounting, Institute of Management, University of Bolton, UK

Publications

• Research Article   
  Impact of Making Tax Digital on Businesses
  Author(s): Mohammed Sadiq*
  
  Making Tax Digital (MTD), an initiative announced in 2015 by MP George Osborne in his autumn statement, brings with it the most impactful change to the UK tax administration for a generation. The Making Tax Digital vision aims to revolutionize the way businesses, landlords, individuals, and tax accountants interact with Her Majesty’s Revenue and Customs (HMRC). Making Tax Digital is intended to aid the government’s tax simplification agenda, which commits to making the UK tax system fully digitalised. The breakthroughs recorded in the information and communications technology have led to the introduction of an E-tax system. Making Tax Digital is an approach to make HMRC’s tax system the most advanced digital tax system in the world. This is credited for an appreciable improvement of the level of tax compliance, while simultaneously lowering the cost of tax administra.. View more»
  

  Abstract HTML PDF