A survey by the ICAEW has revealed that over 40% of businesses who are about to be affected by MTD are not yet aware of it. While this research was carried out in the latter half of 2018, it has highlighted that a quarter of SMEs were still reliant on paper-based accounting records which will not be permissible for MTD for VAT – unchanged from the same poll conducted in 2016.
Is your business ready for upcoming MTD? Find out more about the current situation and some hints and tips to prepare your infrastructure for the upcoming change.
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