HMRC introduced the first stage of its Making Tax Digital (MTD) legislation in April 2019. Envisaged as the biggest overhaul of the UK tax system in a generation, the ambitious plans aimed to make it easier, more efficient and effective for individuals and businesses to get their tax right and keep on top of their finances. 

However, despite recently entering its third year - and with further phases of MTD scheduled to come into effect over the coming years - it seems there is still some confusion as to how the legislation will actually play out in the long term.