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TechRadar
TechRadar
Jenny Strudwick

The digital tax era and its impact on data

HMRC
A computer screen showing a spreadsheet in use.

The next pilot for Making Tax Digital Income Tax Self-Assessment (MTD ITSA), begins on 22 April 2024. MTD involves keeping digital records of accounts and sending summaries to HMRC every quarter, instead of filing one final return annually.

In the coming year or two, individuals -- as well as businesses -- will be forced to step into a new era of digital tax filing. HMRC wants to create a world-class taxation system and recoup billions of pounds a year in lost tax that results from inaccuracies in how tax is currently reported.

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