Now that we've got used to e-filing tax returns, HMRC, like a number of other tax authorities, is now keen to move this to the next level.
Unsurprisingly, HMRC is enthusiastic about directly analysing the data in your accounting systems, ideally in real time - a great way of spotting errors - and potentially collecting more tax.
Investing in technology, automation and using big data are touted as key to growing business and remaining agile in our fast changing world. But how many businesses have thought about how to ensure their data is constantly "tax ready"?
Maybe it doesn't sound terribly exciting, but its worth exploring how these same techniques can take time, cost and uncertainty out of tax compliance - leaving you free to focus on your business without worrying what the taxman might find when he or she goes fishing in your hard drive.
Making Tax Digital: Government responds At midday on 31 January 2017, the Government published its response to the six consultation documents on Making Tax Digital (MTD).