More than a quarter of small and medium-sized enterprise (SME) business owners cited compliance with MTD as one of the biggest issues impacting their day-to-day operations, while a growing number of businesses said they had problems dealing with HMRC in general.

The research was conducted on behalf of digital marketing agency PracticeWeb and highlighted the value accountants can provide their clients by demystifying regulatory compliance as well as the importance of using effective communication to keep businesses informed about the latest changes to tax rules.