Businesses Face £1.5 Billion in Upfront Costs, Reveals Government Watchdog (Making Tax Digital)
The government’s spending watchdog, the National Audit Office (NAO), has revealed that Making Tax Digital (MTD) is expected to impose upfront costs of £1.5 billion on businesses. These costs were not included in HMRC’s May 2022 business case for MTD, where the focus was on ongoing costs. However, according to the NAO report, businesses will…