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Business opportunities with Making Tax Digital

02 August 2017 / Philip McNeill
Issue: 4610 / Categories: Comment & Analysis

Two nations



  • The administration of the tax system will be affected by robotics automation and artificial intelligence.
  • Multinationals and large corporates are already using accounting software but microbusinesses have yet to fully embrace digital.
  • Data rather than tax returns is important.
  • Could an Estonian solution involving the banks apply in the UK?
  • Basic software packages may not fulfil the requirements of small business clients.

Look at a map of the general election results. From a distance it is predominantly blue. Zoom in and red becomes more apparent– at least south of Hadrian’s Wall where 42.4% of voters chose the Conservatives and 40.0% Labour. Whether it is politics Brexit or economics the UK is running in parallel. The TUC forecasts that London and the South-East will account for...

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