ICAEW.com works better with JavaScript enabled.

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".

Making Tax Digital for Income Tax and VAT

Making Tax Digital (MTD) was first talked about almost five years ago now by HMRC as they believe avoidable mistakes by the taxpayer is costing the Exchequer billions each year. In fact, they have estimated this figure at £8.5 billion in the 2018/19 tax year alone.