Over a three-year period from April 2019 to 2022, we saw the introduction of HMRC’s Making Tax Digital (MTD) for VAT requirements. Rolled out in phases, we are now at the point where all VAT-registered businesses, regardless of size, are now subject to mandatory online MTD submissions.

As part of the ongoing digital transformation of taxation, it is a significant step, one which will soon be matched by a similar initiative for corporation tax, which is expected to arrive no later than 2026.