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Digital practice

Articles on how accountancy practices are changing their structure, technology and business models in response to the latest developments in technology and the business environment.

In this section

How technology is changing accounting practices

Advances in technology have led to a reduced demand for traditional accountancy services and created new opportunities and challenges. ICAEW's Tech Faculty outlined how digital technologies, are changing accountancy practices and their work in its report "Providing leadership in a digital world".

HMRC is seeking views on MTD for Corporation Tax

Making Tax Digital for corporation tax (MTD CT) feels like a very long way away given that it will not become mandatory before 2026 and MTD for income tax self-assessment (MTD ITSA) is still at an early stage of its development. However, the current early-stage consultation on MTD for CT may provide the best opportunity to influence the design and ICAEW’s Tax Faculty would welcome your views.

ICAEW re-examines draft MTD for ITSA regulations

15 January: HMRC has dusted down the draft MTD for ITSA regulations, previously consulted on in 2017, and issued a further consultation. ICAEW’s Tax Faculty has identified several areas where changes are needed before the regulations are laid before parliament.

Share your experiences of digital links and MTD for VAT

11 January: The requirement for digital links within MTD for VAT software starts in April 2021, following the end of the soft-landing period. ICAEW’s Tax Faculty is urging HMRC to provide more guidance and is asking for examples of difficulties faced in implementing the requirement.

10 things you need to know about MTD for CT

4 January 2021: As HMRC begins gathering feedback from stakeholders on the potential expansion of the Making Tax Digital regime to corporation tax, ICAEW’s Tax Faculty outline the key things that businesses and agents need to consider.