- The UK financial sector is changing with the adoption of initiatives like Making Tax Digital (MTD) to streamline processes.
- The Edinburgh Reforms promote innovation and competition and support the government’s mission for a competitive and technologically advanced financial services sector.
- MTD is an opportunity for tax to provide increased value to the business and be a master of data.
- Each business needs to plot its own course towards this goal, and financial advisers can bring significant strategic and operational value by starting the conversation with their clients.
- The pace of change will not slow, and tax must adapt to and benefit from its new role.
Source Ryan
Latest Posts in "United Kingdom"
- UK Considers 20% VAT on Private Hire Rides in Upcoming Budget
- VAT Beginner’s Guide: Essential Basics for UK Business Registration and Rates
- When Do You Have to Charge Yourself VAT? Key Situations Explained
- Supreme Court Clarifies VAT Group Rules and Time of Supply Interplay
- Isle of Wight NHS Trust vs HMRC: VAT Exemption Dispute on Locum Medical Practitioners
